Android app on Google Play

Int'l Shipholding (ISH) Acquires 1999-Built PCTC in $31M Deal

October 22, 2012 9:23 AM EDT Send to a Friend
International Shipholding Corporation (NYSE: ISH) announced the purchase of a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3.5 million cash payment and the sale of the Company’s 1994-built PCTC, Green Cove, to the seller in a transaction valued at approximately $27.5 million.

The newly purchased PCTC, which will be reflagged under the U.S. Flag and renamed Green Cove, will promptly commence a long-term charter with a strong, creditworthy counterparty.




You May Also Be Interested In


Related Categories

Market Check

Add Your Comment