OSG Announces Dividend


NEW YORK, June 8, 2006 (PRIMEZONE) -- The Board of Directors of Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader providing global energy transportation services, today declared a regular quarterly dividend of 25 cents per share on the common stock outstanding, payable on August 24, 2006 to stockholders of record on August 8, 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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