Bulkships

Bulkships
IndustryShipping
Founded1958
FounderAdelaide Steamship Company
Howard Smith
McIlwraith, McEacharn & Co
Area served
Australia

Bulkships was an Australian shipping company.

History

Bulkships was founded in 1958 by the Adelaide Steamship Company, Howard Smith and McIlwraith, McEacharn & Co as a bulk carrier operator.[1] By 1968, Adelaide Steamship Company and McIlwraith, McEacharn & Co each owned 50%.[2]

In August 1970, TNT purchased a one-third shareholding.[3] By 1972, it owned a 25% shareholding in RW Miller.[4] In February 1977, TNT bought out Adelaide Steamship Company taking its shareholding to 63% with McIlwraith, McEacharn & Co owning 37% with the business rebranded TNT Bulkships.[5][6]

References

  1. ^ McIlwraith McEacharn Limited Australian National Maritime Museum
  2. ^ McI McEacharn payout up Canberra Times 13 September 1968 page 15
  3. ^ TNT buys interest in Bulkships plus Assoc Steam and Seatrainer Terminals Freight & Container Transportation September 1970 page 10
  4. ^ TNT holds the key to Miller The Bulletin 2 June 1972 page 58
  5. ^ Finance in brief Canberra Times 16 February 1977 page 18
  6. ^ Financial Truck & Bus Transportation March 1977 page 160