POSTS DROP IN EARNINGS
NEW ORLEANS - International Shipholding Corp., parent of three U.S.-based ship lines, said it had net income of $3.5 million for the fourth quarter of 1991, down from $4.3 million for the same period of 1990.
Revenue fell to $77.1 million from $94.0 million in the year-earlier quarter.
For all of 1991, the company reported net income of $15.2 million on revenue of $328.4 million, up from net income of $15.1 million on revenue of $327.5 million in 1990.
International Shipholding owns Waterman Steamship Corp., Central Gulf Lines Inc. and Forest Lines Inc.
CANUSA MOVES OFFICE
FROM MANHATTAN TO NJ
NEW YORK - Canusa Shipping Agency Inc. relocated its New York-area office to Fort Lee, N.J., from Manhattan.
The company, U.S. agent for Arvida Shipping Ltd. and sales agent for Great White Fleet Inc., has contracted with Coty/New York Messenger service to move documents three times a day between downtown Manhattan and the new office.