Myles Itkin to Present at the Deutsche Bank Small Cap Growth Conference


NEW YORK, Feb. 9, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) today announced that Myles Itkin, Chief Financial Officer, will present at the Deutsche Bank Small Cap Growth Conference on Thursday, February 16, 2006 at 2:30 p.m. ET. The conference will be held at The Ritz-Carlton Resort in Naples, Florida.

The conference will feature panel discussions from various global industries including transportation and logistics. OSG's presentation is designed to provide conference attendees with an overview of the Company's growth strategy, reported year-to-date financial and operating performance and market outlook for 2006.

A live webcast of the conference presentation will be available on the Company's website at http://www.osg.com under events and webcasts in the investor relations section. The webcast replay of the presentation will be available for ninety days beginning February 16, 2006.

About OSG

Overseas Shipholding Group, Inc. (OSG) is a market leader in global energy transportation services. The Company owns and operates International Flag and U.S. Flag fleets that transport crude oil, petroleum products and dry bulk commodities throughout the world. The Company's modern fleet is comprised of 89 vessels aggregating 11.4 million deadweight tons. Organized in 1969 and headquartered in New York, New York, OSG has offices in Athens, London, Manila, Newcastle and Singapore. More information about OSG is available at the Company's web site at http://www.osg.com.



            

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