International Shipholding Corporation Files Universal Shelf Registration to Replace Expiring S-3 Reg

International Shipholding Corporation Files Universal Shelf Registration to Replace Expiring S-3 Registration Statement

MOBILE, Ala.--(BUSINESS WIRE)-- International Shipholding Corporation (NYS: ISH) today announced that it has filed a universal shelf registration statement on Form S-3 with the United States Securities and Exchange Commission ("SEC"). This new shelf registration statement will become effective upon the SEC's approval replacing the similar registration statement filed in 2010 that is scheduled to expire on October 27, 2013. As with the expiring registration statement, this new shelf registration statement is intended to provide International Shipholding Corporation with flexibility to access public capital markets in order to, among other things, respond to accretive business opportunities. At the present time, International Shipholding Corporation has no specific plans to issue securities under the registration statement.

If and when this new shelf registration statement is declared effective by the SEC, International Shipholding Corporation will be able to offer and sell from time to time up to $200 million of common and preferred stock, depositary shares representing fractional interests in its preferred stock, debt securities, warrants, or units consisting of two or more of the aforementioned securities in any combination thereof. Prior to the time this new shelf registration statement becomes effective, International Shipholding Corporation will be permitted to continue to issue securities under its current registration statement for up to 180 days. The terms of any securities offered under this new shelf registration statement, and the intended use of the net proceeds resulting therefrom, will be established at the times of any future offerings and will be described in prospectus supplements filed at such times with the SEC.

This press release is not an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A copy of this new shelf registration statement on Form S-3 and copies of the prospectus supplements relating to any offerings under this new shelf registration statement, when available, can be obtained by contacting International Shipholding Corporation, attention: Manuel G. Estrada, Vice President and Chief Financial Officer, 11 North Water Street, Suite 18290, Mobile, Alabama 36602, estradmg@intship.com.

About International Shipholding Corporation

International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of United States and International Flag Vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts.

For more information about the company, please visit www.intship.com.

Forward Looking Statements

Except for the historical and factual information contained herein, the matters set forth in this release, including statements regarding our expectations regarding the SEC's approval of the effectiveness of this new shelf registration statement, our expected use of proceeds from the sale of securities thereunder, and our ability to raise capital through the sale of securities thereunder and other statements identified by words such as "expects," "will," "intends," and similar expressions, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from those anticipated, estimated, projected, expressed or implied if one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect. Factors that could affect actual results include but are not limited to: limitations on our ability to cause this new shelf registration statement to be declared effective by the SEC; changes in operations, financial results and economic conditions that limit our ability to raise additional capital; restrictions in our existing debt instruments that could limit our ability to issue some or all of the securities registered under the replacement registration statement; changes in our operations or financial position that impact our anticipated use of proceeds from the sale of securities under this new shelf registration statement; changes in general market, economic, regulatory or industry conditions; and other risks referenced from time to time in our filings with the SEC. For all these reasons, you should not assume that we will be willing or able to issue any securities pursuant to this new shelf registration statement. You should be aware that new factors may emerge from time to time and it is not possible for us to identify all such factors, nor can we predict the impact of each such factor on our plans, or the extent to which any one or more factors may cause actual results to differ from those reflected in any of our forward-looking statements. Accordingly, you are cautioned not to place undue reliance upon any of our forward-looking statements, which speak only as of the date made. We undertake no obligation to update or revise for any reason any forward-looking statements made by us or on our behalf, whether as a result of new information, future events or developments, changed circumstances or otherwise.

The IGB Group
Leon Berman, 212-477-8438
lberman@igbir.com
or
International Shipholding Corporation
Niels M. Johnsen, Chairman, 212-943-4141
Erik L. Johnsen, President, 251-243-9221

KEYWORDS: United States North America Alabama

INDUSTRY KEYWORDS:

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