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OSG Appoints Mozdean

Maritime Activity Reports, Inc.

July 28, 2005

Overseas Shipholding Group, Inc. announced the appointment of Robert R. Mozdean, Esq. to lead its global human resources function, a newly created role that reports to Morten Arntzen, President and CEO of OSG. Mr. Mozdean, 52, will be responsible for worldwide human resources training and development, performance management systems, organizational development and employee relations, including labor relations. Mr. Mozdean will be based out of the Company's corporate headquarters in New York City, New York. Mr. Mozdean has served in numerous management capacities during his career. Since 1998, Mr. Mozdean has been Vice President of Human Resources and Legal Affairs at Dannon Company, where he was responsible for policy development, organizational development and training. From 1980 to 1998 he held numerous management positions with Seagram Spirit and Wine Group, most recently as Vice President of Human Resource Planning, Development and Compensation. Prior to that, he was with American Airlines.

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