Notes: November 14, 2012 -- Overseas Shipholding Group Inc. (OSG), the largest U.S. tanker operator, filed for bankruptcy protection after global shipping rates fell and the company gave up trying to win a federal loan guarantee. The New-York-based company today listed assets of $4.15 billion and debt of $2.67 billion in a Chapter 11 filing in U.S. Bankruptcy Court in Wilmington, Delaware. The company owns or operates 111 vessels that transport oil, refined products and natural gas worldwide. Also, the New York Stock Exchange (NYSE) announced today that the staff of NYSE Regulation, Inc.has determined to commence proceedings to delist the common stock of Overseas Shipholding Group, Inc.- ticker symbol OSG - from the NYSE. Trading in the Company's common stock will be suspended immediately. NYSE Regulation has determined that the Company is no longer suitable for listing. Pursuant to Listed Company Manual Section 802.01D, this decision was reached in view of the Company's November 14, 2012 announcement that it filed a voluntary petition to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Company's Class A shares are trading on the OTC-Other under symbol OSGIQ.