Info

International Shipholding Corporation operates a diversified fleet of United States and foreign flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters or contracts. The Company’s fleet is deployed by its principal operating subsidiaries, Central Gulf Lines, Inc. (Central Gulf), LCI Shipholdings, Inc. (LCI), Waterman Steamship Corporation (Waterman), CG Railway, Inc. (CG Railway), and Enterprise Ship Company, Inc. (ESC). It operates in four segments: Time Charter Contracts, Contracts of Affreightment (COA), Rail-Ferry Service and Other. In addition, the Company has investments in several unconsolidated entities, of which it owns 50% or less and have the ability to exercise significant influence over operating and financial activities. During the year ended December 31, 2007, the Company discontinued its fifth operating segment, Liner Services.(Source: 10-K)