An Israel-Spanish shipping company has been formed on a joint partnership basis, it was reported here today.
The company has contracted for the construction in Spain of two 7,000 ton freighters costing $4,000,000,80 percent of which will reportedly be financed through an American loan. The vessels will fly the Spanish flag but will be managed by the joint company from Haifa offices.
(Israel is taking delivery of a flotilla of new 40-knot motor patrol boats which have just been completed in an Italian shipyard, the London Daily Express reported today. The speedy craft can be used either as torpedo boats or gunboats and are suitable for service in both the Mediterranean Sea and Akaba Gulf, the newspaper stated.)
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
