Bulkships

Bulkships was an Australian shipping company.

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

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
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