Parma was a four-masted steel-hulled barque which was built in 1902 as Arrow for the Anglo-American Oil Co Ltd, London.

Following an accident in 1936, she was sold and hulked at Haifa, British Mandate of Palestine, now Israel, for two years before being scrapped.

[4] Arrow entered service with the Anglo-American Oil Co Ltd, London, employed in the kerosene trade.

[2] In 1921, she was transferred to the Belgian Government, and placed under the management of Association Maritime Belge, Antwerp.

[2] In 1931, Parma was sold to Ruben De Cloux and Alan Villiers of Mariehamn, Finland for 34,000 ℛ︁ℳ︁.

[2] She was the largest sailing ship under the Finnish flag at the time,[6] holding that position until 1935 when Gustaf Erikson bought Moshulu.

As a result of the collision, plates in her hull were sprung open by falling coping stones from the quayside.