-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Ho/eo70PXpUyXnuRJB+9n8nUOSkmBs40qzXbZuLu1gQgXylisEAnkhYEMk5wZVDn
 CuaNNCL6McV1He+0g7rIoA==

<SEC-DOCUMENT>0001181431-09-023772.txt : 20090508
<SEC-HEADER>0001181431-09-023772.hdr.sgml : 20090508
<ACCEPTANCE-DATETIME>20090508170543
ACCESSION NUMBER:		0001181431-09-023772
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090506
FILED AS OF DATE:		20090508
DATE AS OF CHANGE:		20090508

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			JOHNSEN NIELS M
		CENTRAL INDEX KEY:			0001038499

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10852
		FILM NUMBER:		09811668

	MAIL ADDRESS:	
		STREET 1:		ONE WHITEHALL ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

	FORMER NAME:	
		FORMER CONFORMED NAME:	JOHNSEN NEILS M
		DATE OF NAME CHANGE:	19970430

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL SHIPHOLDING CORP
		CENTRAL INDEX KEY:			0000278041
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				362989662
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		11 NORTH WATER STREET
		STREET 2:		SUITE # 18290
		CITY:			MOBILE
		STATE:			AL
		ZIP:			36602
		BUSINESS PHONE:		2512439100

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 2004
		CITY:			MOBILE
		STATE:			AL
		ZIP:			36652
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd241912.xml
<DESCRIPTION>NMJ 5/6/09 FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-05-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000278041</issuerCik>
        <issuerName>INTERNATIONAL SHIPHOLDING CORP</issuerName>
        <issuerTradingSymbol>ISH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001038499</rptOwnerCik>
            <rptOwnerName>JOHNSEN NIELS M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>133 MUHLENBRINK ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>COLTS NECK</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07722</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-05-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>20000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>233763</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>224622</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents a grant of restricted stock the reporting person received from the Company.</footnote>
        <footnote id="F2">Shares are held by Caltar Corporation, of which Niels M. Johnsen is a Vice President and a Director, beneficial ownership is disclaimed.</footnote>
        <footnote id="F3">Shares previously reported as owned as co-trustee of a trust are no longer included as the trust has expired.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Niels M. Johnsen</signatureName>
        <signatureDate>2009-05-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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