American Steamship acquires six freighters for $120 million. From: Buffalo News (Buffalo, NY) | Date: June 8, 2006 | COPYRIGHT 2006 The Buffalo News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Matt Glynn

Jun. 8--American Steamship Co. has bolstered its fleet by acquiring six vessels for $120 million.

The Amherst-based company bought the vessels from Oglebay Norton Marine Services in Cleveland, expanding its fleet to a total of 18 vessels. American Steamship already had the largest U.S.-flag fleet on the Great Lakes prior to the deal.

Oglebay Norton is selling six of its nine freighters, to pay down debt and strengthen its balance...

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