The four cargo vessels owned by the government-subsidized Israeli-America Shipping Line have saved the Israel Treasury an estimated $2,500,000, it was stated in the first annual report of the company which was made public here today.
The line’s four vessels have a capacity of 150,000 tons annually on the U.S. Israel run. The report revealed that the company is negotiating for the purchase of a transatlantic liner for regular passenger traffic between Israel and the U.S. The company paid a six percent dividend to investors on the basis of the first year’s earnings.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
