Word: shippingmen
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Dates: during 1931-1931
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...been bought from Transmarine Line for $400,000. Transmarine is a subsidiary of Submarine Boat Corp. which was formed in 1915, made money during the War, made its permanent dive into the sea of losses in 1925. In 1929 Submarine Boat, still submerged in losses, crashed into a receivership. Shippingmen thought it unlikely that the Dollar Line would place Transmarine's vessels back in the well-served intercoastal route from which they were withdrawn in 1928. At present the Transmarine fleet is anchored at Port Newark...
...contemplated joining all foreign lines into one. great service. Although he failed to do this, he purchased the famed British White Star Line for his new International Mercantile Marine Co. In Britain, public opinion flared up against this attempt to wrest away supremacy of the seas. But big shippingmen took the deal calmly. "The vendors," wrote a London authority, "made an exceptionally good bargain, which it is probable the purchasers will soon find...
...Kermit Roosevelt had formed the Roosevelt Lines to operate a service to India for the U. S. Shipping Board. Jute was its principal baggage. In 1926 he took into the company two widely-known young shippingmen: John M. Franklin whose father, Philip Albright Small Franklin, heads I. M. M., and Basil Harris. He promised vigorous expansion of the U. S.-owned Roosevelt Lines. Last year this expansion became marked. Shippingman Roosevelt was able to announce that William Vincent Astor had acquired a substantial interest in the company, that an affiliate, Baltimore Mail Steamship Co.. was being formed to operate...
...built ships of their type; 2) Minnetonka and Minnewaska of Atlantic Transport Lines; 3) Belgenland, largest in the Red Star Service. Another important I. M. M. unit is the Frederick Leyland Line, sailing between European, Central and North American and West Indies ports. Although no plans have been announced, shippingmen expect Roosevelt Lines to place more ships under the U. S. flag...