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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Q5w7TUbd5d13jC3zfVD84uufDmjv5qEER3yn2FCPGRDQ8bebXqed6SIW68wuek1a
 9wYsR/o9nrXIl6ey+HbUzg==

<SEC-DOCUMENT>0001181431-10-025210.txt : 20100507
<SEC-HEADER>0001181431-10-025210.hdr.sgml : 20100507
<ACCEPTANCE-DATETIME>20100507163304
ACCESSION NUMBER:		0001181431-10-025210
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100506
FILED AS OF DATE:		20100507
DATE AS OF CHANGE:		20100507

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Johnston Peter Matthew
		CENTRAL INDEX KEY:			0001463651

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10852
		FILM NUMBER:		10812880

	MAIL ADDRESS:	
		STREET 1:		11 NORTH WATER STREET SUITE 18290
		CITY:			MOBILE
		STATE:			AL
		ZIP:			36602

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:			1028

	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>rrd274835.xml
<DESCRIPTION>FORM 4 JOHNSTON
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-05-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001463651</rptOwnerCik>
            <rptOwnerName>Johnston Peter Matthew</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>11 NORTH WATER ST.</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 18290</rptOwnerStreet2>
            <rptOwnerCity>MOBILE</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>36602</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-05-06</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>941</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.19</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4071</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents a disposition of shares to the company in payment of withholding taxes.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Peter Matthew Johnston</signatureName>
        <signatureDate>2010-05-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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