OSG Announces Dividend


NEW YORK, Oct. 12, 2005 (PRIMEZONE) -- The board of directors of Overseas Shipholding Group, Inc. (NYSE:OSG) today declared a regular quarterly dividend of 17.5 cents per share on the common stock outstanding, payable November 22, 2005, to stockholders of record on November 3, 2005.

About OSG

Overseas Shipholding Group, Inc. (OSG) is a market leader in global energy transportation services. The Company owns and operates International Flag and U.S. Flag fleets that transport crude oil, petroleum products and dry bulk commodities throughout the world. The Company's modern fleet is comprised of 92 vessels aggregating 11.9 million deadweight tons. Organized in 1969 and headquartered in New York, New York, OSG also has offices in Athens, London, Manila, Newcastle and Singapore. More information about OSG is available at the Company's web site at http://www.osg.com.



            

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