GATX Unit Buys Vessels
The deal is valued at $120 million.
American Steamship, a unit of
GATX
(GMT)
, said it acquired six vessels from
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Oglebay Norton Marine Services
for $120 million.
Following the acquisition, American Steamship will operate a fleet of 18 vessels.
American Steamship has been operating on the Great Lakes since 1907 and was purchased by GATX in 1973. It transports a variety of dry bulk commodities including iron ore pellets, coal and limestone aggregates.
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