United States
Securities and Exchange Commission
Washington, D.C. 20549
                                                                          

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934


                            February 7, 2007                        
Date of Report (Date of earliest event reported)

Overseas Shipholding Group, Inc.
(Exact Name of Registrant as Specified in Charter)

             1-6479-1              

Commission File Number

 

 

                            Delaware                               
        
(State or other jurisdiction of incorporation)

                         13-2637623                   
(I.R.S. Employer Identification Number)   

 



666 Third Avenue
                    New York, New York 10017                      

(Address of Principal Executive Offices) (Zip Code)


Registrant's telephone number, including area code (212) 953-4100

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Section 8 - Other Events.

Item 8.01 - Other Events

On February 7, 2007 Overseas Shipholding Group, Inc. ("OSG") issued a press release announcing that (i) OSG had signed an agreement in principle pursuant to which, subject to certain conditions, Aker Philadelphia Shipyard (the "Aker Yard"), a subsidiary of Aker American Shipping ASA, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options) which OSG will bareboat charter for initial terms of 10 to 15 years upon delivery and (ii) OSG had signed a time charter agreement with BP relating to one of the original ten Jones Act product tankers being built at the Aker Yard. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press Release dated February 7, 2007

   

 

 

 

 

 

 

 

 

 

 

 

SIGNATURES

                   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

OVERSEAS SHIPHOLDING GROUP, INC.
                    (Registrant)

 
 

                        

 

Date: February 12, 2007

By:   /s/James I. Edelson                                             

 
 

     Name:   James I. Edelson
     Title:     General Counsel and Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXHIBIT INDEX

 

 

Exhibit No.

Description

99.1

Press Release dated February 7, 2007