Amadeusz Juskowiak

Mcleans mii us lines sets asset transfer

McLean Industries Incs United States Lines Inc subsidiary said it has agreed in principle to transfer its South American service by arranging for the transfer of certain charters and assets to Crowley Mariotime Corps American Transport Lines Inc subsidiary

US Lines said negotiations on the contract are expected to be completed within the next week Terms and conditions of the contract would be subject to approval of various regulatory bodies including the US Bankruptcy Court