8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

September 10, 2008

Date of Report (Date of Earliest Event Reported)

Commission file number  –  2-63322


INTERNATIONAL SHIPHOLDING CORPORATION
(Exact name of registrant as specified in its charter)

Delaware	36-2989662
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

11 North Water Street, Suite 18290  Mobile, Alabama	36602
(Address of principal executive offices)	(Zip Code)

(251) 243-9100

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01.    Other Events.

          On September 11, 2008, International Shipholding Corporation issued a press release in response to the September 2, 2008, proposal by Projection LLC, a wholly owned subsidiary of Liberty Shipping Group LLC.  A copy of the press release is furnished as Exhibit 99.1 and incorporated herein by reference.

Item 9.01.    Financial Statements and Exhibits.

          (c)      Exhibit

Exhibit Number                Document                                        .

         99.1                           Press Release dated September 11, 2008

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		INTERNATIONAL SHIPHOLDING CORPORATION
		/s/ Manuel G. Estrada
		Manuel G. Estrada
		Vice President and Chief Financial Officer
Date	September 11, 2008

EX-99.1

Exhibit 99.1

International Shipholding Corporation Board of Directors Vote to Form Special Committee to Evaluate Offer

MOBILE, Ala.--(BUSINESS WIRE)--On September 10, 2008, the Board of Directors of International Shipholding Corporation (“the Company”) unanimously voted to form a Special Committee comprised of independent directors of the Board. The Special Committee will review and evaluate the September 02, 2008, proposal from Projection LLC, a wholly owned subsidiary of Liberty Shipping Group LLC, and make a recommendation to the full Board regarding the proposal. The Special Committee will appoint its own independent legal and financial advisors.

International Shipholding Corporation (NYSE: ISH), through its subsidiaries, operates a diversified fleet of U. S. and foreign flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers primarily under medium to long-term charters and contracts. www.intship.com

CONTACT:
International Shipholding Corporation
Manny Estrada, 251-243-9082
Vice President and Chief Financial Officer
estradmg@intship.com