MTC Takes Two New Vessels

Tuesday, July 06, 2004
Marine Transport Corporation (MTC), a subsidiary of Crowley Maritime Corporation, has taken over as the ship management company for the Delaware Bay and the Chesapeake Bay. The first of the two vessels, the Delaware Bay entered into MTC hands through its ship management company, Marine Transport Management, Inc. (MTM) at midnight on Thursday, July 1. Its sister vessel, the Chesapeake Bay will follow on July 22. Both vessels will be turned over to MTM at Pier 59 in Newark, New Jersey.

The vessels are owned by First American Bulk Carriers Corporation and are on time charter to Royal P&O Nedlloyd. Each of the U.S. Flag container vessels has a 2,400 TEU capacity and is enrolled in the Maritime Security Program (MSP).

Both call U.S ports in Newark, New Jersey; Norfolk, Virginia and Charleston, South Carolina and Eastern Mediterranean ports in Italy, Israel, Turkey and Egypt.

MTM currently operates five other U.S. Flag container vessels on behalf of Lykes Lines (CP Ships). Four of these have a 3200 TEU capacity with a deadweight of 45,000 tons and the fifth has a 3000 TEU capacity with a deadweight of 44,000 tons.

In addition to the commercially managed ships in MTC's care, the company and its subsidiaries also manage 14 U.S. Government Ready Reserve Fleet Roll On/Roll Off ships.

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