NEW YORK, April 12, 2006 (PRIMEZONE) -- 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 May 31, 2006 to stockholders of record on May 12, 2006. The 25 cent per share dividend represents an increase of 43 percent from the 17.5 cent per share dividend previously paid, and is a result of the Board of Directors' confidence in the Company's future. OSG has paid a quarterly dividend since 1974 and the dividend was last increased in June 2003.
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 864,800 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.