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By the end of 1974, Reynolds had put more than $1 billion into Sea-Land, building huge terminals in New Jersey and Hong Kong and adding to its fleet of container ships. [citation needed] Sea-Land's biggest expense was fuel, so in 1970, RJR bought the American Independent Oil Co., better known as Aminoil, for $56 million. RJR put millions into ...
Hapag and NDL continued to compete until they established a joint-venture container line. The "Hapag-Lloyd Container Line", founded in 1967 and operating from 1968 onward, was established to share the huge investments related to the containerisation of the fleets. The two companies finally merged on 1 September 1970, under the name Hapag-Lloyd. [4]
1970-1987 Type C6-S-1w container ship, IMO 5278913, converted from C4-S-1a cargo ship Pioneer Mill, originally Show Me Mariner, 1954 SS American Altair: 1982-1987 Partial container ship, IMO 6421347, originally C4-S-60a Mormacaltair, 1964 SS American Apollo: 1970-1988 Type C7-S-68e container ship, IMO 7025269 SS American Aquarius: 1971-1988
By 1971, the use of containers had again increased; 58% of the company's business moved via container. During the early 1970s, the company converted many of its traditional break-bulk freight and combination ships into more efficient container-only ships, and ordered four new-built container ships.
Seatrain Lines, officially the Over-Seas Shipping Company, was a shipping and transportation company conducting operations in the Americas and trans-Pacific regions. Seatrain Lines began intermodal freight transport in December 1928 by transporting entire loaded railroad freight cars between the United States and Cuba .
A mix of modern standard containers and old Conex boxes used for training purposes, Fort Carson, 2013 The CONEX box, a portmanteau of "Container, express", is a type of cargo container that was developed during the Korean War and was used to transport and store supplies during the Korean and Vietnam wars.
In the 1970s, British and Commonwealth began to diversify into financial services as passenger shipping declined and cargo shipping evolved into container shipping. By the mid-1980s, the business had evolved into one of the country's largest financial services companies.
The Commonwealth and Dominion Line was formed as an amalgamation of four shipping companies on 23 January 1914, J. P. Corry & Company, Wm. Milburn & Company, Thos. B. Royden & Company and Tyser & Company. All four companies had operated routes to Australia and New Zealand, and together formed a new shipping line of 23 ships. Milburn & Co ...