OSG to Announce Third Quarter Fiscal 2006 Earnings on November 2, 2006


NEW YORK, Oct. 24, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc., (NYSE:OSG) a market leader in providing energy transportation services, announced today that it plans to release its third quarter fiscal 2006 results on Thursday, November 2, 2006 at approximately 7:00 a.m. ET, and will host a conference call at 11:00 a.m. ET on the same day. All interested parties are invited to participate by calling (866) 425-6195 within the United States and (973) 935-8752 for international calls. A webcast of the conference call and an accompanying slide presentation will be available on Overseas Shipholding Group's website at http://www.osg.com in the Investor Relations Events and Webcasts section.

An audio replay of the conference call will be available from 1:00 p.m. ET on Thursday, November 2, 2006 through midnight ET on Thursday, November 9, 2006 by calling (877) 519-4471 within the United States or (973) 341-3080 for international callers. The password for the replay is 7959321.

The call will be webcast by ViaVid Broadcasting and can be accessed at either OSG's website or at http://www.viavid.net. To access the webcast, participants will need a Windows Media Player. About OSG

Overseas Shipholding Group, Inc. (NYSE:OSG) is one of the largest publicly traded tanker companies in the world with a combined owned, operated and newbuild fleet of 115 vessels aggregating 12.8 million dwt and 865,000 cbm, as of today's date. As a market leader in global energy transportation services for crude oil and petroleum products in the U.S. and International Flag markets, OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world's most customer-focused marine transportation companies, with offices in Athens, London, Manila, Montreal, Newcastle, New York City and Singapore. More information is available at www.osg.com.



            

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