International Shipholding Corporation, through its subsidiaries, is engaged in various types of waterborne freight transportation including LASH (Lighter Aboard SHip) carriage, pure car/truck carrier services, roll-on/roll-off, breakbulk and bulk carrier services, domestic coastwise services, and rail-ferry transportation services.  We are water transportation specialists providing unique solutions to the needs of our diversified customer base with emphasis on medium to long-term contracts and charters. 

Our principal subsidiaries are Central Gulf Lines, Inc., Waterman Steamship Corporation, LCI Shipholdings, Inc., (including our LASH Transatlantic service doing business as Forest Lines), LMS Shipmanagement, Inc., and CG Railway, Inc.  These subsidiaries, together with our other subsidiaries and companies in which we have invested, operate a fleet of ocean-going vessels, LASH barges and related shoreside handling facilities.  As of December 31, 2006, our fleet included 28 vessels and 720 barges.  For information on shipping and sailing schedules, please see our CG Railway, Inc., Forest Lines, and Waterman Steamship Corporation websites.

We have offices in New York, Mobile AL and Shanghai and we maintain a network of marketing agents in major cities worldwide.  Our common stock is traded on the New York Stock Exchange (NYSE: ISH).