International Shipholding Corporation To Respond to Offer

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Tue Sep 2, 2008 6:27pm EDT 

MOBILE, Ala., Sept. 2 /PRNewswire-FirstCall/ -- 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

    Contact: Manny Estrada
             Vice President and Chief Financial Officer
             International Shipholding Corporation
             251.243.9082
             estradmg@intship.com

SOURCE  International Shipholding Corporation

Manny Estrada, Vice President and Chief Financial Officer of International
Shipholding Corporation, +1-251-243-9082, estradmg@intship.com
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