OSG to Announce Second Quarter Fiscal 2006 Earnings on August 8, 2006


NEW YORK, July 25, 2006 (PRIMEZONE) -- Overseas Shipholding Group, Inc. (NYSE:OSG), a market leader in providing energy transportation services, announced today that it plans to release its second quarter fiscal 2006 results on Tuesday, August 8, 2006, 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) 231-5571 within the United States and (973) 582-2952 for international calls. A webcast of the conference call and an accompanying slide presentation will be available on Overseas Shipholding Group's website at http://www.osg.com in the Investor Relations Events and Webcasts section.

An audio replay of the conference call will be available from 2:00 p.m. ET on Tuesday, August 8, 2006 through midnight ET on Tuesday, August 15, 2006 by calling (877) 519-4471 within the United States or (973) 341-3080 for international callers. The password for the replay is 7554304.

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.

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 116 vessels, aggregating 12.9 million dwt and 865,000 cbm as of today's date. 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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