International Shipholding reports improved results

International Shipholding reports improved results International Shipholding Corp. reported third quarter net income of $2.3 million compared to a net loss of $936,000 for the same period a year earlier.
   Excluding loses from the company’s discontinued LASH (Lighter Aboard Ship) operations, net income for the quarter ended Sept. 30 was $3.4 million as compared to $3.8 million for the third quarter of 2006.
   Revenues were about the same — $51.3 million versus $51.2 million in the year earlier quarter.
   International Shipholding noted it had discontinued its international lighter on ship of LASH business and expected to sell its last LASH vessel and 370 LASH barges in the fourth quarter of 2007 and the first quarter of 2008.