Oglebay Norton Marine Services Company News

Steamship Company, a wholly-owned subsidiary of GATX Corporation. Middletown, S/S Courtney Burton, and M/V Fred R. White. progressing with its negotiations for the sale of the M/V David Z. Earl W. Oglebay to an unidentified purchaser. Great Lakes through a favorable, long-term contract of affreightment.

U.S.-Flag shipments of dry-bulk cargo on the Great Lakes in June totaled 11.4 million net tons, a decrease of 3 percent compared to a year ago. However, the June total represents the second month in a row in which the gap between this season and last has narrowed significantly. The 2002 season began with a 20-percent decrease in April, the first full month of navigation in the dry-bulk trades, but May float was down by 9.4 percent. Another positive sign in June was the sailing of three idled lakers. Oglebay Norton Marine Services Company activated its BUCKEYE on June 8 and its COURTNEY BURTON on June 15. Both vessels are mid-sized self-unloaders. Interlake Steamship sailed its 1,000-footer JAMES R. BARKER on June 29.