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Ship Shore

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Mats Berglund
Senior V.P. & Head of Crude Transportation Strategic Business Unit
Overseas Shipholding Group

Mats Berglund has oversight of OSG's crude oil tanker business, which includes its ULCC, VLCC, Suezmax, Aframax, Panamax and lightering fleets. He was appointed Senior Vice President of Overseas Shipholding Group, Inc. and Head of the Crude Transportation Strategic Business unit in September 2005.

Mr. Berglund's prior professional experience was with the Stena AB Group, one of the largest privately held shipping companies in the world. From 2002 to 2005 he was President and from 2000 to 2002, Vice President of Stena Rederi AB. From 1997 to 2000 he was President and from 1995 to 1996, Vice President of StenTex L.L.C., a joint venture between Texaco and Stena, where he developed a first class commercial tanker organization that more than doubled its business under his leadership. From 1991 to 1995, Mr. Berglund was Vice President and CFO of the publicly listed tanker company Concordia Maritime AB. In 2004, Mr. Berglund structured and led the successful initial public offering of Arlington Tankers and the listing of its common stock on the New York Stock Exchange, a transaction that became a trend setter in the shipping industry.

Mr. Berglund holds a masters of business and finance from University of Gothenburg, Sweden and is a graduate of the advanced management program at Harvard Business School.