International Shipholding Corporation to Respond to Offer

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Tue Sep 2, 2008 6:20pm EDT 

MOBILE, Ala.--(Business Wire)--
International Shipholding Corporation ("the Company") today
received a letter dated September 2, 2008, in which Projection LLC, a
wholly owned subsidiary of Liberty Shipping Group LLC, submitted a
proposal to the Board of Directors of the Company to acquire all of
the outstanding shares of the Company's common stock for $25.75 per
share, in cash. The proposal will be reviewed by the Management and
Board of Directors of the Company, and they will respond in due
course.

   International Shipholding Corporation (NYSE: ISH), through its
subsidiaries, operates a diversified fleet of U.S. and foreign flag
vessels that provide international and domestic maritime
transportation services to commercial and governmental customers
primarily under medium to long-term charters and contracts.
www.intship.com

International Shipholding Corporation
Manny Estrada, 251-243-9082
Vice President and Chief Financial Officer
estradmg@intship.com

Copyright Business Wire 2008
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