The Csl Group Inc News

Nine CSL Newbuilds Eliminate oil usage with seawater lubricated propeller shaft bearings. The drive for pollution free ships continues as Canadian-based ship owners, CSL Group Inc., eliminate oil from the stern tube and equip nine of their latest new builds with seawater lubricated propeller shaft bearings. CSL has specified non-metallic propeller shaft bearings that use seawater rather than oil to lubricate the shafts on the Trillium Class vessels built at Chengxi Shipyard and Yangfan Shipyard in China.

Sam Hayes, President of The CSL Group Inc. (CSL) and Jack Leitch, Chairman of Upper Lakes Group Inc. (ULS) have announced the signing of a Letter of Intent concerning the purchase by CSL of ULS' 50 percent share of Marbulk Canada Inc. (MCI). MCI is owned jointly by ULS and Algoma Central Corporation (Algoma). Marbulk Shipping Inc. of Salem, Mass., a subsidiary of MCI, operates a fleet of eight self-unloading bulk carriers in international trades on the east coast of North America and in South America, Europe and Asia. The transaction is subject to Board of Directors and regulatory approvals. CSL International Inc. (CSLI), a subsidiary of CSL…