OSG Appoints Bob Mozdean, Esq. to Head Worldwide Human Resources


NEW YORK, July 28, 2005 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG) today announced the appointment of Robert R. Mozdean, Esq. to lead its global human resources function, a newly created role that reports to Morten Arntzen, President and CEO of OSG.

Mr. Mozdean, 52, will be responsible for worldwide human resources training and development, performance management systems, organizational development and employee relations, including labor relations. Mr. Mozdean will be based out of the Company's corporate headquarters in New York City, New York.

Morten Arntzen, President and CEO of OSG, said, "Attracting a leader with Bob's qualifications to OSG supports our goal of building a world class human resources practice. I believe strongly that the winners in the more competitive shipping world in which we live will be those companies that excel at recruiting, retaining and developing their people." Mr. Arntzen continued, "Bob's experience in human resources, employee relations and employee development will help support our platform for growth."

Mr. Mozdean has served in numerous management capacities during his career. Since 1998, Mr. Mozdean has been Vice President of Human Resources and Legal Affairs at Dannon Company, where he was responsible for policy development, organizational development and training. From 1980 to 1998 he held numerous management positions with Seagram Spirit and Wine Group, most recently as Vice President of Human Resource Planning, Development and Compensation. Prior to that, he was with American Airlines.

Mr. Mozdean holds a Doctor of Jurisprudence from Pace University (New York), a Masters of Business Administration from St. John's University (New York) and a Bachelor of Arts degree from Queens College.

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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