EXHIBIT 10.6

Summary of Executive Officer Salaries

The salaries of the executive officers of International Shipholding Corporation for 2006 are described below:

Erik F. Johnsen, Chairman of the Board and Chief Executive Officer  

$353,600    

    

Niels M. Johnsen, President  

$332,800      

Erik L. Johnsen, Executive Vice President  

$312,000      

 

Manuel G. Estrada, Vice President and Chief Financial Officer  

$165,000