OVERSEAS SHIPHOLDING GROUP, INC. COMPLETES PURCHASE OF OSG AMERICA L.P.
On December 17, 2009, a subsidiary of Overseas Shipholding Group, Inc., (NYSE: OSG) completed the purchase of all outstanding publicly held units of OSG America L.P. OSG and its subsidiaries now own all partnership interests in OSG America and the units are no longer publicly traded. OSG, a market leader in global energy transportation services, owns and operates a modern International and U.S. Flag fleet that transports crude oil, petroleum products and gas throughout the world.

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Click here to link to www.osg.com

K-1 TAX INFORMATION
Unitholders who held shares in OSG America L.P. during 2009 may access their K-1 tax information on the OSG website or click here. From www.osg.com, go to the Investor Relations section and select OSG America K-1 Tax Info. 2009 K-1 tax reporting documents are expected to be available for mailing the last week of March 2010. Information will also be available on line at that time. For more information, please call (866) 526-0133 or click here.

CONTACT INFORMATION
Jennifer Schlueter
Vice President Investor Relations & Corporate Communications
+1 212.578.1699