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

______________

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 27, 2004

INTERNATIONAL SHIPPING ENTERPRISES, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware
 
000-51047
 
57-1212493
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

1225 Franklin Avenue, Suite 325, Garden City, New York
 
11530
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code:  (516) 240-8025

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
     

 

Item 8.01. Other Events

Sunrise Securities Corp., the representative of the underwriters for the initial public offering of International Shipping Enterprises, Inc. (“Company”), consummated on December 16, 2004, has notified the Company that, commencing on or about January 5, 2005, holders of the Company’s Units may separately trade the Common Stock and Warrants included in such Units.

The OTC Bulletin Board symbols for each of the securities included in the Units are as follows:

  Common Stock  ISHP   
  Warrants  ISHPW   
       
           
            
 
     

 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Dated: December 29, 2004    INTERNATIONAL SHIPPING ENTERPRISES, INC
    By: /s/ Angeliki Frangou   
    Angeliki Frangou   
   
Chairman, Chief Executive Officer and President