International Shipholding returning to New Orleans, to employ 210
Listed on the New York Stock Exchange as ISH, the company owns and operates a global fleet of waterborne cargo vessels. ISH recorded annual revenue of more than $310 million in its just concluded 2013 fiscal year. After Hurricane Katrina, recovery challenges led the company to relocate its corporate headquarters to Mobile.
In New Orleans, ISH will create 100 new direct jobs at a 45,000- to 50,000-square-foot headquarters facility in the city’s Warehouse District, where the company will soon complete a purchase of property already under contract.
The new direct jobs will average $70,000 per year, plus benefits, and LED estimates the project will result in an additional 113 new indirect jobs, for a total of more than 210 new jobs in the greater New Orleans area.
In addition to operating a diversified fleet of 50 cargo vessels, International Shipholding provides brokerage, logistics and other maritime services for a broad array of customers, including the U.S. Department of Defense, the U.S. Department of Agriculture, International Paper, Norfolk Southern, Freeport Copper & Gold, Dow, Cargill, CSX, The Mosaic Company and more. ■