OSG Announces Presentation to Investors


NEW YORK, May 16, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, today announced that Morten Arntzen, President and Chief Executive Officer, and members of the OSG management team, will speak to investors and analysts attending the Company's Investor Event on Thursday, May 18, 2006 in Philadelphia, Pennsylvania. The presentation will be held from 9:30 a.m. ET to approximately 12:30 p.m. ET and will be available via webcast 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 from May 18, 2006 through August 16, 2006.

About OSG

Overseas Shipholding Group, Inc. (NYSE:OSG) is one of the largest publicly traded tanker companies in the world with an owned, operated and newbuild fleet of 113 vessels, aggregating 12.7 million dwt and 865,000 cbm. As a market leader in global energy transportation services for crude oil and petroleum products in the U.S. and International Flag markets, the Company 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 New York, Athens, London, Newcastle and Singapore. More information is available at www.osg.com.



            

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