OVERSEAS SHIPHOLDING GROUP INC

Overseas Shipholding Group, Inc. (http://www.osg.com/) is a provider of energy transportation services. The Company and its subsidiary, Alaska Tanker Company (ATC), owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States Flag trade. OSG is an operator of tankers and Articulated Tug Barges (ATBs) in the Jones Act industry. OSG's active vessel fleet, of which 22 are United States Flag vessels that consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten medium range (MR) tankers, and two non-Jones Act MR tankers that participate in the United States Maritime Security Program. The Company also owns and operates one Marshall Islands flagged MR tanker, which trades internationally. OSG primarily charters its vessels to customers for voyages for specific periods of time at fixed daily amounts through time charters.

• OVERSEAS SHIPHOLDING GROUP INC