Fair Value Measurements and Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Not Measured at Fair Value on a Recurring Basis

The estimated fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, are as follows:

	Carrying		Fair Value
	Value		Level 1		Level 2
March 31, 2024:
Assets
Cash and cash equivalents	$	82,203	$	82,203	$	—
U.S. Treasury Note		14,950		14,836		—
Total	$	97,153	$	97,039	$	—
Liabilities
Term loan, due 2024, net	$	18,587	$	—	$	18,292
Alaska tankers term loan, due 2025, net		18,751		—		18,027
OSG 204 LLC term loan, due 2025, net		23,357		—		22,587
OSG 205 LLC and OSG Courageous II LLC term loan, due 2027, net		41,597		—		38,504
Term loan, due 2028, net		292,128		—		281,008
Total	$	394,420	$	—	$	378,418

	Carrying		Fair Value
	Value		Level 1		Level 2
December 31, 2023:
Assets
Cash and cash equivalents	$	76,257	$	76,257	$	—
U.S. Treasury Note		14,900		14,752		—
Total	$	91,157	$	91,009	$	—
Liabilities
Term loan, due 2024, net	$	18,942	$	—	$	18,546
Alaska tankers term loan, due 2025, net		20,091		—		19,203
OSG 204 LLC term loan, due 2025, net		23,697		—		22,875
OSG 205 LLC and OSG Courageous II LLC term loan, due 2027, net		42,163		—		39,350
Term loan, due 2028, net		295,428		—		287,918
Unsecured senior notes, net		390		—		389
Total	$	400,711	$	—	$	388,281