INTERNATIONAL SHIPHOLDING CORPORATION
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International Shipholding Corporation, through its subsidiaries, operates a fleet of U.S. and foreign flag vessels that provide international and domestic maritime transportation services under medium to long-term charters or contracts to commercial and governmental customers. It operates in five primary segments: Liner Services, Time Charter Contracts, Contracts of Affreightment, Rail-Ferry Service, and Other. The Liner Services segment operates a U.S. flag liner service between U.S. Gulf and East Coast ports, and ports in the Red Sea and the Middle East, as well as a foreign flag transatlantic liner service operating between U.S. Gulf and East Coast ports, and ports in northern Europe. The Time Charter Contracts segment includes charters of three roll-on/roll-off vessels to the Military Sealift Command; contracts with car manufacturers for six car/truck carriers and with an electric utility for a conveyor-equipped, self-unloading coal carrier; and the provision of transportation services to a mining company at its mine in Papua, Indonesia. The Contracts of Affreightment segment comprises a sulphur transportation contract with a sulphur producer. The Rail-Ferry Service segment carries loaded rail cars between Mobile, Alabama and Coatzacoalcos, Mexico. The Other segment consists of operations that include specialized services for ship charter brokerage and agency and operates over the road car transportation truck company. As of December 31, 2004, International Shipholding's fleet consisted of 35 ocean-going vessels, 917 lighter aboard ship barges, and 32 over the road haul-away car carrying trucks. International Shipholding is headquartered in New Orleans, Louisiana.