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Overseas Shipholding Group Inc.



Overseas Shipholding Group, Inc. is a bulk shipping company engaged primarily in the ocean transportation of crude oil and petroleum products. As of December 31, 2004, Overseas Shipholding’s modern fleet consisted of 61 oceangoing vessels that aggregate 11.2 million deadweight tons, of which 51 vessels operated in the international market and ten vessels operated in the United States Flag market. Of the 61, 56 are tankers engaged in the oil transportation business, of which 49 are Foreign Flag tankers that operate in the international market and seven are United States Flag tankers that operate in the United States, Alaskan and coastwise trades. On January 20, 2005, OSG completed its acquisition of Stelmar Shipping Ltd. (Stelmar), an international provider of petroleum product and crude oil shipment services.


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