UNITED STATES
                                SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                
FORM 12b-25

                                NOTIFICATION OF LATE FILING

         OBM APPROVAL     

OMB Number:   3235-0058

Expires:        April 30, 2009

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SEC FILE NUMBER

CUSIP NUMBER


Commission File Number:

(Check one):

 

o Form 10-K

 

o Form 20-F

 

ý Form 11-K

 

o Form 10-Q

 

o Form 10-D

 

 

o Form N-SAR

 

o Form N-CSR

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Period Ended:

                          December 31, 2005                                                                                   

 

 

o Transition Report on Form 10-K

 

 

 

 

 

 

o Transition Report on Form 20-F

 

 

 

 

 

 

o Transition Report on Form 11-K

 

 

 

 

 

 

o Transition Report on Form 10-Q

 

 

 

 

 

 

o Transition Report on Form N-SAR

 

 

 

 

 

 

For the Transition Period Ended:

                                                                                                

 

 

 

 

 

 

 

 

 

 

 

 

Read Instructions (on back page) Before Preparing Form. Please Print or Type
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:                          
                                                                                                                                                                                                                       

PART I - REGISTRANT INFORMATION

OSG SHIP MANAGEMENT, INC. SAVINGS PLAN                                                                                                                            
Full Name of Registrant

                                                                                                                                                                                                                       
Former Name if Applicable

666 Third Avenue                                                                                                                                                                                        
Address of Principal Executive Office (Street and Number)

New York, NY 10017                                                                                                                                                                                   
City, State and Zip Code

PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if appropriate)

 

(a)

The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense

ý

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

(c)

The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant has experienced a delay in completing the financial statements required to be included in the Form 11-K for the fiscal year ended December 31, 2005, which delay could not be overcome without unreasonable effort and expense.  The Registrant intends to file the subject Form 11-K on or before the fifteenth (15th) calendar day following the prescribed due date for the Form 11-K.

SEC 1344 (05-06)

 

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

(Attach extra Sheets if Needed)

PART IV - OTHER INFORMATION

(1)

 

Name and telephone number of person to contact in regard to this notification

 

 

                 Myles R. Itkin, Member of Savings Plan Committee           

 

            212            

 

              578-1839              

 

 

(Name)

 

(Area Code)

 

(Telephone Number)

 

 

 

(2)

 

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s).

 

 

 

 

 

 

 

 

 

ý Yes    o No

 

 

 

 

 

 

 

(3)

 

Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

 

 

 

 

 

 

 

 

 

o Yes    ý No

 

 

 

 

 

 

 

 

 

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

___________________________________________________________________________________________________________

                                                           OSG Ship Management, Inc. Savings Plan                                                                                   
                                                           
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

By

OSG SHIP MANAGEMENT, INC.

 

 

 

 

 SAVINGS PLAN

 

 

 

 

 

Date

June 30, 2006                                   

 

By

 /s/Myles R. Itkin                                                                             

 

 

 

Name:

Myles R. Itkin

 

 

 

Title:

Member of Savings Plan Committee

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).