Ore/Oil Carrier Purchased By Marine Transport Lines From Italian Company

Marine Transport Lines, Inc., New York, N.Y., announced recently that it had purchased from Nereide SpA. of Naples, Italy, a 134,000-dwt ore/oil carrier for $13 million. The vessel, to be renamed Oswego Prima, incorporates the latest safety and antipollution systems including inert gas and crude oil washing systems.

The ship is specially designed for the transportation of crude petroleum in bulk as well as heavy cargoes such as iron ore. The vessel has been delivered under a long term time charter to Achille Lauro Lines of Italy.

Marine Transport Lines, a subsidiary of GATX Corporation, Chicago, charters and operates oceangoing ships primarily on a medium and long-term basis. Including this acquisition, it owns 17 oceangoing vessels and operates an additional 19 vessels for others.

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.