UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 2 )*

International Shipholding Corporation

---------------------------------------
(Name of Issuer)

common stock, $1.00 par value

---------------------------------------
(Title of Class of Securities)

460321 20 1

---------------------------------------

(CUSIP Number)

not applicable

---------------------------------------
(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this

Schedule is filed:

     
 

[ ]  

 Rule 13d-1(b)
     
 

[ ]  

 Rule 13d-1(c)
     
 

[x]  

 Rule 13d-1(d)
     

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.

 

 

 

CUSIP No. 460321 20 1
    1.

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

Erik Lee Johnsen
2. Check the Appropriate Box if a Member of a Group (See Instructions)
       
(a)
(b)
       
3. SEC Use Only
4. Citizenship or Place or Organization United States
Number of 5. Sole Voting Power 322,659
Shares Bene-
ficially 6. Shared Voting Power 0
Owned by Each
Reporting 7. Sole Dispositive Power 322,659
Person With:
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person 322,699
10. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions)
11. Percent of Class Represented by Amount in Row (11)       5.31
12. Type of Reporting Person (See Instructions)

IN




 

ITEM  

1.  
 

  

  

  

  

(a)  

Name of Issuer International Shipholding Corporation  
 

(b)  

Address of Issuer's Principal Executive Offices  

  

  

650 Poydras Street, Suite 1700

New Orleans, Louisiana 70130
 

ITEM

 2.
 
(a) Name of Person Filing     Erik Lee Johnsen
 
(b) Address of Principal Business Office or, if none, Residence

650 Poydras Street, Suite 1700

New Orleans, Louisiana 70130
 
(c) Citizenship  United States
 
(d) Title of Class of Securities  common stock, $1.00 par value
 
(e) CUSIP Number  460321 20 1
 

ITEM

 3. IF THIS STATEMENT IS FILED PURSUANT TO sections 240.13D- 1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
 
 (a)

[ ]

Broker or dealer registered under section 15 of the Act (15 U.S.C.

78o).
 
(b)

[ ]

 Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
 
(c)

[ ]

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)

[ ]

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
 
(e)

[ ]

An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E);
 
(f)

[ ]

An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F);
 
(g) [ ]

A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);
 
(h) [ ]

A savings association as defined in Section 3(b) of the FederalDeposit Insurance Act (12 U.S.C. 1813);
 
(i) [ ]

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with section 240.13d- 1(b)(1)(ii)(J).
 

ITEM

4.

 OWNERSHIP.
 

(a)


Amount beneficially owned:


322,699

(b)
Percent of class:


5.31

(c)
Number of shares as to which the person has:


(i)
Sole power to vote or to direct the vote


322,659 .


(ii)
Shared power to vote or to direct the vote


0    .
 


(iii)
Sole power to dispose or to direct the disposition of


322,659 .

 

(iv)

 Shared power to dispose or to direct the disposition of
0 .

 

ITEM

5.

 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
 

     If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
 

ITEM

6.

 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
 

    Of the securities reported in response to Item 4, three trusts, of which the reporting person is the trustee for the benefit of his two sons and one daughter, have the right to receive dividends from, and the proceeds from the sale of, a total 9,400 shares, which is less than five percent of the class of subject securities and which the reporting person disclaims beneficial ownership of; a limited partnership, of which the reporting person is one of the three general partners and in which the reporting person holds a .03% general partnership interest, has the right to receive dividends from, and the proceeds from the sale of, 40 shares, which is less than five percent of the class of subject securities.
 

ITEM

7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
 

     Not applicable
 

ITEM

8.

 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
 

     Not applicable
 
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
 
     Not applicable
 
ITEM 10. CERTIFICATION
 
     Not applicable
 





 

SIGNATURE
 

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


 

February 11, 2003

Date


 

/s/ Erik Lee Johnsen

Signature

Erik Lee Johnsen / Executive Vice President

Name/Title




 

     The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. SEE section 240.13d-7 for other parties for whom copies are to be sent.

     ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE

FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)