acquisition
Eleusis Shipyards Launches Largest Vessel Built In Greece
On December 12, 1973, the first of a series of 43,300-deadweight-ton bulk carriers, the Althea, was launched at Eleusis Shipyards S.A. This is the biggest ship ever built in Greece. Eleusis Shipyards commenced operations in August 1969, and since then the yard has progressed rapidly.
Chromalloy Acquires Flowers Marine Group For About $15 Million
Chromalloy American Corporation, St. Louis, has announced the completion of its acquisition of Flowers Marine Group, Inc., a privately held barge company, from its founder, J. Russell Flowers, for approximately $15 million. Approximately 70 percent of the purchase price was paid with 400,
Ogden Marine, Inc. Buys Two Tankers
Ogden Corporation has announced the acquisition of two Americanflag oil tankers iby Ogden Marine, Inc., an Ogden Corporation subsidiary. The two vessels, the Penn Champion and the Penn .Challenger, acquired through purchasing the stock of Penn Tanker Company from U.
MSC Seeks Bids To Operate Five Tankers
The Navy's M i l i t a r y S e a l i f t Command has issued a request for proposals (November 8) to operate five command-controlled tankers that deliver petroleum products worldwide for the Department of Defense. The T-5 type tankers now are operated by Hudson Waterways Corp.