Overseas Shipholding Group Announces Board Changes

NEW YORK--(BUSINESS WIRE)--Aug. 4, 2015-- Overseas Shipholding Group, Inc. (OSG) (NYSE MKT:OSGB) (the “Company” or “OSG”) today announced several changes to the Company’s Board of Directors.Joseph Kronsberg, Portfolio Analyst at Cyrus Capital Partners, Chad Valerio, Portfolio Manager atBlueMountain Capital Management and Ty Wallach, Partner at Paulson & Co. Inc., have been appointed to the Company’s Board of Directors and are joining the board effective August 3, 2015. The Company also announced that Alexander D. Greene and Nikolaus D. Semaca have agreed to step down from the board effective August 3, 2015.



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