OSG makes senior VP appointment

James D. Small III

FEBRUARY 17, 2015 — Tanker operator Overseas Shipholding Group, Inc. (NYSE MKT:OSGB) has appointed James D. Small III as Senior Vice President, Secretary and General Counsel, effective in March.

Most recently, Mr. Small was a counsel with Cleary Gottlieb Steen & Hamilton LLP (“Cleary Gottlieb”) in its New York office, where his practice focused on U.S. securities laws and corporate and financial matters. He replaces James I. Edelson, who will assume responsibility for Governmental Affairs.

“James Small has been a valuable legal advisor to OSG during the transformative events of the past few years, and he has the right background to support the next phase of OSG’s corporate development,” said Ian T. Blackley, President and CEO of OSG. “His securities law, capital markets, and corporate governance experience will be invaluable to us. He knows the company well, and has the confidence of our Board and management. We all look forward to welcoming him to our executive team.”

“I am looking forward to this new role,” Mr. Small said. “I have worked with OSG as it made a difficult financial and operational transition, and I believe this is an exciting time to join the Company.”

“Jim Edelson has been instrumental in our transition,” said Ian Blackley. “He is also important to the Company’s future success and we are very pleased to have someone of his experience in this new role while continuing to provide legal advice on maritime, Jones Act and other business matters.”

Mr. Small joined Cleary Gottlieb in 1996, became counsel in 2008, and worked in the firm’s New York, London and Hong Kong offices. Prior to starting his legal career, Mr. Small was an analyst at the Central Intelligence Agency.

Mr. Small received a J.D. (with distinction) from Stanford Law School in 1996, where he was the Senior Editor (Ombudsperson) of the Stanford Law Review and a member of the Stanford Journal of International Law. Mr. Small graduated with a B.A. in Astrophysics and Political Science from Williams College in 1990. He is a member of the Bar in New York.