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NIELS M. JOHNSEN, CAPTAIN ROBERT JOHNSTON AND U.S. SENATOR MARY LANDRIEU TO RECEIVE UNITED SEAMEN'S SERVICE ADMIRAL OF THE OCEAN SEA AWARDS, 2012

News Release BSY Associates Inc. July 6, 2012
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<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><EM>43rd ANNUAL GALA EVENT TO BE
HELD OCTOBER 26 IN NEW YORK</EM></P>
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<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN><STRONG>NEW
YORK, NY</STRONG><SPAN> (June 27, 2012)-</SPAN>-- The United Seamen's
Service (USS) 2012 Admiral of the Ocean Sea Awards (AOTOS) will be
presented to Niels M. Johnsen, CEO and Chairman of International
Shipholding Corporation; Captain Robert Johnston, </SPAN><SPAN>Senior Vice
President and Head of U.S. Flag Strategic Business Unit</SPAN><SPAN> for
Overseas Shipholding Group, and United States Senator Mary Landrieu,
Democrat of Louisiana. </SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>The
maritime industry's most prestigious awards will be presented at a gala
industry dinner and dance to be held at the Sheraton New York Hotel and
Towers, New York City, on October 26, 2012. Recognition will also be given
to American Seafarers for specific acts of bravery and heroism while at
sea.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>In
announcing the recipients, General Kenneth Wykle, USA(ret.), Chairman of
the USS AOTOS Committee, said: "Niels M. Johnsen represents the finest in
ship management just as Bob Johnston brings seagoing and operational
excellence to our industry. Senator Landrieu has spent her career in
elected office bringing a leadership voice to efforts that benefit all
Americans." He added: "It is our honor to honor these three with the AOTOS
Award this year." General Wykle is also President of the National Defense
Transportation Association.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Niels
M. Johnsen </SPAN><SPAN>joined International Shipholding Corporation in
1970 after service in the U.S. Army. He has been Executive Chairman and
Chief Executive Officer of International Shipholding Corp. since 2007. He
also serves as Chairman of International Shipholding's principal
subsidiaries Central Gulf Lines, Inc. and Waterman Steamship Corporation.
Since 1988, he has served on the company's board of directors. He is a
native of New Jersey and a 1967 graduate of Tulane University.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>International
Shipholding Corporation and its subsidiaries are engaged in waterborne
cargo transportation, which includes pure car/truck carrier services, roll
on/roll off, breakbulk/bulk carrier services, domestic coastwide services,
container vessels, multi-purpose vessels, and rail ferry transportation.
Subsidiaries operate&nbsp;38 vessels and include Central Gulf Lines, Inc.;
Waterman Steamship Corporation; LCI Shipholdings, Inc.; CG Railway, Inc.;
LMS Shipmanagement, Inc.; and East Gulf Shipholding, Inc. International
Shipholding Corporation maintains offices in Mobile, Alabama; New York,
New York;&nbsp;Shanghai, China; and Singapore&nbsp;as well as a network of
agencies in major cities worldwide. &nbsp;</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Captain
Robert Johnston has had an eclectic career in the U. S. maritime industry.
He is Senior Vice President and head of U.S. Flag Strategic Business
Unit</SPAN><SPAN> of OSG, including U.S.- flag technical operations based
in Tampa, Florida. From 2005 until his recent appointment, Captain
Johnston was head of Shipping Operations. In this role he established
numerous programs focused on improved safety, environmental and
operational performance of the OSG's International and U.S.-flag fleet.
Prior to that, he held numerous positions including Chief Commercial
Officer and Vice President of U.S. operations, where his responsibilities
included the operation of the U.S. -flag fleet. He was promoted to Senior
Vice President in 1998. </SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Prior
to coming ashore in 1976, Captain Johnston served on crude oil tankers and
product carriers in capacities ranging from Third Mate to Master. He
joined OSG in 1969. Captain Johnston holds a Bachelor of Science degree in
marine transportation from the State University of New York's Maritime
College and is a graduate of the executive program at Dartmouth
University's Tuck Business School.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Captain
Johnston is Vice Chairman&nbsp;of Intertanko. He is a member of the
American Bureau of Shipping (ABS) Council and the ABS Classification
Committee. He is president and member of the board of the American
Maritime Association as well as a member of the board of the
Transportation Institute. He is a past chairman and committee member of
the Alaska Tanker Company (ATC) and&nbsp;a past board member of OSG
America LLC.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Mary
L. Landrieu has been fighting and winning since she was first elected to
public office at the age of 23. After serving eight years as a state
representative and two terms as State Treasurer, in 1996 she became the
first woman from Louisiana elected to a full term in the U.S. Senate.
Senator Landrieu is currently the chair of the Senate Small Business
Committee, chair of the Appropriations Subcommittee on Homeland Security
and a member of the Energy and Natural Resources Committees. The
nonpartisan Congress.org has ranked Senator Landrieu as the tenth most
effective legislator in the Senate.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Senator
Landrieu has been the leading voice in Washington for the Gulf Coast
recovery effort. In the wake of Hurricanes Katrina and Rita and the
failures of the federal levee system, she secured billions in recovery
dollars and has worked extensively to jumpstart recovery projects. She is
committed to reforming the Federal Emergency Management Agency to ensure
the nation's disaster response arm is speedy and effective the next time a
disaster strikes the United States, be it natural or manmade, on land or
at sea.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>As
one of the chairs on the Senate Appropriations Committee, Senator Landrieu
is a strong and effective supporter of the important Subcommittee on
Homeland Security. She is also a member of the Energy Committee,
coauthored the landmark Domenici-Landrieu Gulf of Mexico Energy Security
Act, which was signed into law in 2006. &nbsp;</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>All
proceeds from the AOTOS event benefit USS community services abroad for
the U.S. merchant marine, seafarers of all nations, and U.S. government
and military overseas. The recipients will share the evening with a group
of American seafarers who will be honored for acts of bravery at
sea.<BR><BR>For AOTOS 2012, Michael Sacco, President of the Seafarers
International Union, is Dinner Chairman. F. Anthony Naccarato of American
Maritime Officers Service and will be serving as National Committee
Co-Chairmen.<SPAN>&nbsp; </SPAN>Other committee members and chairmanships
will be announced soon.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>USS
continues to provide community services for the U.S. Merchant Marine, the
American Armed Forces, and seafarers of the world.<SPAN>&nbsp; </SPAN>USS,
a non-profit agency established in 1942, operates centers in six foreign
ports in Europe, Asia, and Africa and in the Indian Ocean, and also
provides seagoing libraries to American vessels through its affiliate, the
American Merchant Marine Library Association.</SPAN></P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN></SPAN>&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 10pt"><SPAN>Edward
Morgan is President and Roger Korner is Executive Director of USS.
Information about the gala, tickets and advertising journal is available
from USS AOTOS Coordinator, Barbara Spector Yeninas at aotos@bsya.com or
(732) 817-0400 x 16. To contact USS directly, call (718)
369-3818.</SPAN></P>
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