Overseas Shipholding Group (OSG) Pledges $90,000 for Women of Maritime at SUNY Maritime College

OSG Seeks to Improve Gender Diversity in Maritime by Supporting the Student Organization’s Mission with Funding for Scholarships and Recruiting

TAMPA, Fla.--(BUSINESS WIRE)-- In an effort to make strides in reducing the gender gap in the maritime industry and create equal opportunities for all, Overseas Shipholding Group announces its support for the women at SUNY Maritime College with a three-year pledge totaling nearly $90,000. The funding will go towards scholarships for women and a student government organization at the college, Women of Maritime, which cadets launched to build community and bring more awareness to the maritime career path.

OSG's commitment encompasses two annual scholarships for commercial ship opportunities for SUNY women cadets. By partnering with OSG, Women of Maritime will set the stage for women’s generational advancement and foster a pipeline to expand workforce diversity, as well as provide resources for Women of Maritime members to enhance their network, attend national conferences, engage in mentorship programs, and invite speakers to campus.

“SUNY Maritime has consistently sent well-trained, professional crews to OSG, and we value the partnership. By supporting the vision of the Women of Maritime program, we hope to eliminate barriers that prevent women from joining the global seafarer industry and to raise awareness of the abundance of career opportunities available,” says Sam Norton, OSG's President and CEO. He added, “Maritime employment has traditionally been male-dominated, and with a current industry-wide labor shortage, there is a compelling need for programs such as SUNY’s Women of Maritime.”

An integral aspect of this initiative is the cadets' vision of actively recruiting young women to Maritime College. With OSG's support, Women of Maritime cadets will have the opportunity to conduct on-site visits to their former high schools in the Bronx, Brooklyn, and Long Island. During these visits, they will share their personal experiences and extend invitations to interested young women to visit the campus. The program also includes hands-on experience at the helm of the College's 41-foot UTB, guided tours of the Empire State VII, simulation-based navigation exercises in the NY harbor using full-mission bridge simulators, and introductions to campus life on the Mess Deck.

SUNY Maritime College is located at Fort Schuyler, a preserved 19th-century fortification in the New York City borough of the Bronx. The College educates dynamic leaders for the global marine transportation industry, the business of shipping, engineering, energy, facilities management, finance, the armed forces, and public service with 11 undergraduate majors offered along with two master's degree programs.

Earlier this year, OSG partnered with the Women Offshore Foundation to award four scholarships to U.S. female maritime students. Through partnerships with organizations like SUNY Women in Maritime and Women Offshore, OSG believes that industry-wide action will achieve a better balance of diversity and enhance maritime culture.

About Overseas Shipholding Group, Inc

Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing liquid bulk transportation services in the energy industry for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator in the Jones Act industry and in the Tanker Security Program. OSG’s U.S. Flag fleet consists of Suezmax crude oil tankers doing business in Alaska, conventional and lightering ATBs, shuttle and conventional MR tankers, and non-Jones Act MR tankers that participate in the U.S. Tanker Security Program.

OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL.

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Investor Relations & Media Contact:

Susan Allan, Overseas Shipholding Group, Inc.

(813) 209-0620

sallan@osg.com

Source: Overseas Shipholding Group, Inc.