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International Shipholding Corporation Provides Update on Implementation of Strategic Plan

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MOBILE, Ala.--(BUSINESS WIRE)--International Shipholding Corporation (OTCQX:ISHC) today announced that it remained in discussions with its principal lenders regarding various defaults under its credit facilities. As previously disclosed in its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2016, the Company received in April 2016 various forms of contingent short-term relief from its principal lenders. That relief terminated on May 15, 2016, and the Company currently is


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