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The newly purchased PCTC, which will be reflagged under the U.S. Flag and renamed Green Cove, will promptly commence a long-term charter with a strong, creditworthy counterparty. Mr. Erik L. Johnsen, President of International Shipholding Corporation, commented, “We are pleased to have enhanced our fleet with a modern, higher specification PCTC, which will provide us with expanded capability and flexibility in the transportation of cargoes. This transaction further demonstrates management’s ability to both realize value and increase the commercial potential of its fleet for the benefit of its shareholders.” International Shipholding Corporation currently owns and operates seven PCTCs. About International Shipholding International Shipholding Corporation, through its subsidiaries, operates a diversified fleet of U.S. and international flag vessels that provide worldwide and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts. www.intship.com International Shipholding Corporation press release |
International Shipholding Corporation acquires