Second Quarter 2005 Earnings Call Logistics


NEW YORK, July 15, 2005 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) announced today that it plans to release its second quarter fiscal 2005 earnings on Thursday, August 4, 2005, prior to market open, and will host a conference call at 11:00 a.m. ET on the same day to discuss results for the quarter. All shareholders and other interested parties are invited to participate by calling (800) 322-0079 within the United States and (973) 409-9258 for international calls. A webcast of the conference call will be available on Overseas Shipholding Group's website at http://www.osg.com in the Investor Relations Events and Webcast section.

An audio replay of the conference call will be available from 2:00 p.m. ET on Thursday, August 4, 2005 through midnight ET on Thursday, August 11, 2005 by calling (877) 519-4471 within the United States or (973) 341-3080 for international callers. The password for the replay is 6267548.

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

In a separate announcement, the Company indicated that it has updated its website osg.com. The website, which was designed and developed by ICVM Group, LLC, (http://www.icvmgroup.com) provides comprehensive information regarding the Company and the Company's strategy, and industry insight and details of each of OSG's strategic businesses: crude, products, U.S. Flag and LNG. Additional information regarding OSG's Quality, Safety and Environment practices and policies is available, as well as biographies of the management team and Board of Directors, fast facts and an industry best practices investor relations section. Investors can sign up for email alerts to upcoming events, press releases and SEC filings at http://www.osg.com.

About Overseas Shipholding Group, Inc.

Overseas Shipholding Group, Inc. is a market leader in global energy transportation services. The Company owns and operates an International Flag and U.S. Flag fleet that transports crude oil, petroleum products and dry bulk commodities throughout the world. The Company's modern tanker fleet is comprised of 94 vessels aggregating 12.3 million deadweight tons. Organized in 1969 and headquartered in New York City, New York, OSG also has offices in Athens, Newcastle, London, Manila and Singapore.



            

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