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International Shipholding Corporation Subsidiary Announces Sale of Interest in Belden Shipholding PTE LTD.



NEW ORLEANS -- LCI LCI Livable Centers Initiative
LCI Life Cycle Inventory
LCI Landing Craft, Infantry
LCI La Chaine Info (French cable news channel)
LCI Lean Construction Institute
LCI Lions Club International
 Shipholdings, Inc. ("LCI"), a 100% owned subsidiary of International Shipholding Corporation (NYSE NYSE

See: New York Stock Exchange
:ISH ISH In Situ Hybridization
ISH Isolated Systolic Hypertension
ISH Irish Sport Horse
ISH Intermediate System Hello
ISH International Society of Hypnosis
ISH Information Super Highway
ISH International Superhits (Green Day album) 
), announced today that LCI and the other shareholders of Belden Shipholding PTE LTD ("Belden") have sold the Company, Belden, to Kristian Gerhard Jebsen Skipsrederi A/S for $236 million less debt obligations and net working capital consideration. The total cash proceeds from the sale will be approximately $107 million. Belden was formed in 2004 as a joint venture of LCI Shipholdings, Inc.; Williams Investment Co., SA, a 100% owned subsidiary of Compania Sudamericana De Vapores; and JACO JACO Japanese Animation Club of Orlando
JACO Joint Actions Control Office
 Cement AS and Belcem Invest AS, privately held companies.
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Publication:Business Wire
Date:Nov 27, 2006
Words:102
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