form8k63008.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
June 25,
2008
Date of
Report (Date of Earliest Event Reported)
Commission file
number – 2-63322
INTERNATIONAL SHIPHOLDING
CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
36-2989662
(State or other jurisdiction
of (I.R.S.
Employer Identification Number)
incorporation or organization)
11 North Water Street, Suite
18290 Mobile,
Alabama
36602
(Address of principal
executive
offices)
(Zip
Code)
(251)
243-9100
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[
] Written communications pursuant to Rule 425 under the Securities
Act
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item
8.01 Other
Events
On June 25,
2008 Dry Bulk Cape Holding Inc. (“DBCH”), in which International Shipholding
Corporation ("ISC") has a 50% interest in, concluded the sale of one of its
Panamax Bulk Carriers. ISC’s share of the gain is approximately $15.0
million and, basis an amendment to DBCH’s subsidiary companies’ secured loan
facility agreement, ISC’s share of the net cash proceeds is approximately $26.0
million.
SIGNATURES
Pursuant to the requirements of the
Securities and Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly
authorized.
INTERNATIONAL
SHIPHOLDING CORPORATION
/s/
Manuel G. Estrada
_____________________________________________
Manuel G.
Estrada
Vice
President and Chief Financial Officer
Date
____July 1,
2008