Industrial Shipping Enterprises Corp. Announces Release of the MV Biscaglia

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Sat Jan 24, 2009 12:13pm EST

All 28 Crew Members Released Unharmed; Vessel Steaming to Safe Port

STAMFORD, Conn., Jan. 24 /PRNewswire/ -- Industrial Shipping Enterprises
Corp., a provider of seaborne transportation for chemical cargoes, today
announced that its vessel, the MV Biscaglia, which was hijacked by Somali
pirates as it transited the Gulf of Aden en route to the Mediterranean on
November 29th 2008, has been released.

The vessel has now cleared Somali waters, and is currently steaming under its
own power to a safe port.  Upon arrival, the 28 member crew will disembark the
ship and will be transported home to be reunited with their families.

"This is a wonderful day for the crew and their families as this ordeal comes
to an end with the entire crew in good health and spirits," said James
Christodoulou, President and CEO of Industrial Shipping Enterprises Corp. 
"Very soon the men will be reunited with their families.  I am grateful for
the sacrifice of the crew and their families, all who exhibited courage and
dignity under extreme circumstances.  Our team worked tirelessly to secure the
safe release of the men and the ship, and we are extremely fortunate to put
this event behind us."

    CONTACT:
    CJP Communications
    Thomas J. Rozycki, Jr., Sr. Vice President
    Media Relations
    +1 (212) 279.3115 x208
    Fax: +1 (212) 279.3117
    trozycki@cjpcom.com
    www.cjpcom.com



SOURCE  Industrial Shipping Enterprises Corp.

Thomas J. Rozycki, Jr., Sr. Vice President Media Relations of CJP
Communications, +1-212-279-3115 x208, or Fax: +1-212-279-3117,
trozycki@cjpcom.com
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