form8k111209.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
____________November 11,
2009_______________
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 (17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item
1.01. Entry
into a Material Definitive Agreement
On November 11, 2009, East Gulf
Shipholding, Inc., a wholly owned subsidiary of International Shipholding
Corporation (the “Company”), entered into Shipbuilding Contracts with Hyundai
Mipo Dockyard Co., Ltd. (the “Shipbuilding Contract”) for the purchase of three
36,000 Deadweight Ton Handysize double hull dry bulk carrier newbuildings (the
“Vessels”). Concurrently with the execution and delivery of the Shipbuilding
Contract, the parties also entered into a separate Option Agreement (the “Option
Agreement”), granting the Company the option to purchase a fourth
Vessel.
The foregoing description of the
Shipbuilding Contracts and the Option Agreement does not purport to be complete
and is qualified in its entirety by reference to these agreements, copies of
which are expected to be filed as exhibits to the Company’s Annual Report on
Form 10-K for the year ending December 31, 2009. Portions of these agreements
may be omitted in accordance with a request for confidential treatment that the
Company expects to submit separately to the Securities and Exchange
Commission.
Item
7.01 Regulation
FD Disclosure
The Company issued a press release,
dated November 12, 2009, announcing the execution of the Shipbuilding Contracts.
The press release attached hereto as Exhibit 99.1 is incorporated in this Item
7.01 by reference.
Item
9.01. Financial
Statement and Exhibits
Exhibit
No. Description
|
99.1
|
Press
Release, dated November 12, 2009, issued by International Shipholding
Corporation.
|
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
INTERNATIONAL
SHIPHOLDING CORPORATION
/s/
Manuel G. Estrada
_____________________________________________
Manuel G.
Estrada
Vice
President and Chief Financial Officer
Date
:____November 12,
2009