MARAD OKS CROWLEY’S BID FOR MARINE TRANSPORT
The U.S. Department of Transportation’s Maritime Administration has granted written permission for Crowley Maritime Corp. to acquire Marine Transport Corp. as a direct subsidiary.
MarAd also approved Marine Transport subsidiaries Frances ODS Corp. and Julius ODS Corp., to continue to continue to receive operating differential subsidy for the operation of the SMT Chemical Explorer and SMT Chemical Trader in the U.S. foreign trades, after Crowley acquires Marine Transport.