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American Steamship, a unit of



, 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.

This story was created through a joint venture between and IRIS.