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CARBON TAX ON BUNKER FUEL
IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

June 11, 2008

OSG names Lois Zabrocky Senior VP

Overseas Shipholding Group, Inc. (NYSE: OSG)today announced that Lois K. Zabrocky has been promoted to Senior Vice President . Since 2005, Ms. Zabrocky, 38, has led OSGs growing products business, which includes coated Panamaxes, or LR1s, and medium range Handysize tankers that transport petroleum products and vegetable oils worldwide.

Ms. Zabrocky began her maritime career sailing as third mate aboard a U.S. flag chemical tanker. She holds a bachelor of science degree from the United States Merchant Marine Academy, and holds a third mate's license.

Morten Artnzen, OSGs President and CEO said, Lois has transformed OSG's international flag product tanker business into a world class business. She has positioned the unit to take advantage of the accelerated growth in the long haul products trade and, in the process, made it a critical leg of OSGs balanced growth strategy. She is a natural leader, a tireless worker, a savvy risk taker and a real shipping entrepreneur.

Ms. Zabrocky was named Head of OSGs International Product Carrier strategic business unit in 2005. Under her leadership, the products fleet has expanded from 35 to 51 owned, operated and newbuild vessels. Most recently she helped form OSGs Clean Products International commercial pool with Ultragas, increasing OSGs presence in South America.

Upon joining OSG in 1992, Ms. Zabrocky was responsible for spot chartering across all sectors including the Aframax International fleet in the Caribbean, North Sea and Mediterranean. As the commercial officer directly responsible for Aframax International, a pool of 35 Aframax crude oil tankers, Ms. Zabrocky was credited for significantly improving the profitability of the pool.


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