OSG Promotes Edelson to Senior VP

Overseas Shipholding Group announced that James I. Edelson has been promoted to Senior Vice President of OSG. Since 2005, Mr. Edelson has been General Counsel and Secretary with overall responsibility for corporate, legal, regulatory and compliance aspects of Overseas Shipholding Group, Inc., and its related entities.

Morten Arntzen, OSG's President and CEO said, "Jim's business acumen and keen analytical capabilities have been critical assets to OSG and I am delighted to recognize his achievements with a promotion that reflects the responsibilities and influence of his role. Jim's leadership of OSG's legal teams and his integrity and expertise regarding the ever-increasing complexities of our global business is essential as the Company continues to expand."

Mr. Edelson, joined OSG as Associate General Counsel in 2000. His previous professional experience includes having served as Executive Vice President, General Counsel and Secretary from 1992 until 1999 for a publicly traded holding company that organized, financed, and participated in the management of a broad cross-section of companies, primarily telecommunications and technology. From 1988 until 1992, he was associated with Proskauer Rose, LLP, where his practice was concentrated in corporate and securities law, including mergers and acquisitions. From 1980 until 1988, he was associated with Kaye, Scholer, Fierman, Hays & Handler.

Mr. Edelson graduated magna cum laude with a bachelor of arts degree from Wesleyan University, where he was a Phi Beta Kappa member. He received a juris doctor degree from the University of Chicago Law School.

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