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International Shipholding aggressively pursuing sale of non-core assets

Dec. 16, 2015 8:58 AM ETInternational Shipholding Corp. (ISHCQ) StockBy: Carl Surran, SA News Editor
  • International Shipholding (ISH) says it is aggressively pursuing divestiture of its non-core assets, including its Mobile, Ala., railcar service facility.
  • ISH also it has agreed to sell its supramax vessel for ~$11M to help pay down debt; upon completion of the sale, the company will have reduced outstanding debt from $214M on Sept. 30 to $129M.

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International Shipholding Corp.