Overseas Shipholding Group Appoints Brian Tanner as Vice President, Investor Relations and Corporate Communications

NEW YORK--()--Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) (the “Company” or “OSG”) today announced the appointment of Brian Tanner as Vice President, Investor Relations and Corporate Communications. Mr. Tanner reports to Rick F. Oricchio, Senior Vice President and Chief Financial Officer.

“We are very excited to have Brian join our team and lead this critical function,” Mr. Oricchio said. “His extensive investor relations experience and strong investment community relationships will enable us to strengthen our connection with our existing and prospective stakeholders and raise awareness of our strategic vision and value proposition.”

Prior to joining OSG, Mr. Tanner served as Head of Investor Relations for Hawaiian Telcom, where he built the investor relations program after its emergence from Chapter 11 and helped lead the effort to list on NASDAQ. Prior to Hawaiian Telcom, Mr. Tanner worked at both Merrill Lynch and Bank of America, as a senior equity research analyst covering the telecommunications industry. Before that, he worked at both AT&T and Alcatel-Lucent in a variety of corporate finance positions. Mr. Tanner earned a B.S. degree in Economics from the College of New Jersey and his M.B.A. from Pace University.

About OSG

Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) is a publicly traded tanker company providing energy transportation services for crude oil and petroleum products in the U.S. and International Flag markets. OSG 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 and is headquartered in New York City, NY. More information is available at www.osg.com.

Forward-Looking Statements

This release contains forward looking statements. In addition, the Company may make or approve certain statements in future filings with the Securities and Exchange Commission, in press releases, or oral or written presentations by representatives of the Company. All statements other than statements of historical facts should be considered forward-looking statements. These matters or statements will relate to the Company's prospects, including statements regarding trends in the tanker and articulated tug/barge markets, and including prospects for certain strategic alliances and investments. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors. Investors should carefully consider the risk factors outlined in more detail in the Company’s Annual Report for 2014 on Form 10-K and in other reports hereafter filed by the Company with the SEC under the caption “Risk Factors.” The Company assumes no obligation to update or revise any forward looking statements. Forward looking statements and written and oral forward looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statement contained in this paragraph and in other reports hereafter filed by the Company with the SEC.

Contacts

The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
CLB@abmac.com

Contacts

The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
CLB@abmac.com