[Congressional Record Volume 152, Number 87 (Thursday, June 29, 2006)]
[Extensions of Remarks]
[Page E1344]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   WELCOMING THE INTERNATIONAL SHIPHOLDING CORPORATION TO SOUTHWEST 
                                ALABAMA

                                 ______
                                 

                             HON. JO BONNER

                               of alabama

                    in the house of representatives

                        Thursday, June 29, 2006

  Mr. BONNER. Mr. Speaker, today I rise to recognize and welcome the 
International Shipholding Corporation to the port city of Mobile, 
Alabama.
  For six decades, the International Shipholding Corporation has been 
an institution in the port of New Orleans.
  Unfortunately, following Hurricane Katrina, restrictions regarding 
the Mississippi River Gulf Outlet were placed on the shipping industry, 
creating a financial burden on the corporation and similar companies. 
After much deliberation, International Shipholding Corporation decided 
to move its corporate headquarters and operations of its subsidiary CG 
Railway Incorporated, to the port of Mobile.
  When the corporation takes up residence in Mobile in early 2007, it 
will bring 150 jobs to the area and more than 80 related jobs in the 
local maritime community. The move is also expected to increase ship 
traffic at the Alabama State Docks by about 9 percent. Moreover, we 
will be proud to have International Shipholding as the only corporation 
in Mobile to be publicly traded on the New York Stock Exchange.
  While I know the men and women of the International Shipholding 
Corporation are saddened to leave their roots in southern Louisiana, I 
sincerely hope they find that the hospitality of the people of Mobile 
and southwest Alabama will help to make their transition easier.
  I rise today on behalf of the people of Mobile and the First District 
of Alabama to welcome the newest member of our corporate family, the 
International Shipholding Corporation.

                          ____________________