Establishment of a joint Israeli-Norwegian shipping company, understood to be capitalized at $20,000,000, was reported here today. An eight-man Norwegian delegation of merchant marine executives is expected to arrive here next week for finalization of the plans and the formal signing of contracts.
Under the reported plans, the new form will operate two refrigerated vessels as a start, each of a 10, 000 tons, and will add other ships later, at least two more ships being blueprinted.
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.
