Delaware
|
263322
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36-2989662
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
|
11
North Water Street, Mobile, Alabama
|
36602
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Item
1.01.
|
Entry
into a Material Definitive Agreement.
|
On
September 21, 2007 International Shipholding Corporation, through
it’s
wholly owned subsidiary, East Gulf Shipholding, Inc., (hereinafter
called
the “Buyer”) entered into a SHIPSALES contract (“Agreement”) with Clio
Marine Inc. to purchase one 6400 CEU (Car Equivalent Units)
Newbuilding Pure Car/Truck Carrier.
Upon
signing of the Agreement, the Buyer, using available cash, paid
an initial
installment of approximately $13.7 million. Future installments
will be paid over the construction period with the final installment
due
upon delivery of the Vessel.
The
Vessel is scheduled for delivery in 2010.
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|