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Waterman Steamship Corporation

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Waterman Steamship Corporation
Founded1919
HeadquartersMobile, Alabama, United States
ServicesContainer shipping and Roll-on/roll-off
ParentSEACOR Holdings
Websitehttps://watermanlogistics.com/

Waterman is an American deep sea ocean carrier, specializing in liner services and time charter contracts. It is owned by SEACOR Holdings.

History

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Waterman was founded in 1919 in Mobile, Alabama by John Barnett Waterman, Henry Crawford Slaton, T.M. Stevens, W.D. Bellingrath, and C.W. Hempstead following their departure from the British-owned Elder Dempster Steamship Company. Waterman and associates started with just one ship, the Eastern Sun leased from the U.S. Shipping Board for service to Liverpool and Manchester.[1]

In 1955, McLean Industries, Inc. purchased the stock of Waterman Steamship Corporation from the stockholders.[2] From its single-ship beginnings, Waterman had amassed a fleet of 125 ships, owned and operated its own shipbuilding and repair yards, owned or controlled three other shipping companies and employed thousands of workers.[1] The company maintained about 40 years of business relationship with Exxon Corporation, which exclusively supplied the company's fleet with gas and bunker fuel oil.[3] In 2017, SEACOR Holdings acquired Waterman parent International Shipholding Corporation.[4] In 2019, sister company Central Gulf Lines took the Waterman name.[5]

The former Waterman Steamship Corporation building on Saint Joseph Street remains a prominent building in the downtown Mobile skyline. It was sold to Darryl Smith of Hammond, LA in 2017.[6][7] It opened in 1950 and is famous for its extensive murals in the lobby and a large rotating globe. The globe can now be seen on display at the Mitchell Center at the University of South Alabama.[8]

See also

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References

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  1. ^ a b From the Waterman Steamship Corporation records at the University of South Alabama website
  2. ^ Lessambo, Felix (2021-11-02). U.S. Mergers and Acquisitions: Legal and Financial Aspects. Cham: Springer Nature. p. 44. ISBN 978-3-030-85734-9.{{cite book}}: CS1 maint: date and year (link)
  3. ^ Force, Robert; Yiannopoulos, A. N.; Davies, Martin (2006). Admiralty and Maritime Law. Washington, D.C.: Beard Books. p. 52. ISBN 1-58798-290-0.
  4. ^ "International Shipholding emerges from bankruptcy as part of". The Times-Picayune/The New Orleans Advocate. June 2, 2017.
  5. ^ "Central Gulf Lines, Inc. And Waterman Steamship Corporation Announce Major Rebranding Effort :: SEACOR Holdings Inc".
  6. ^ "Portfolio - Star Service - A Fidelity BSG Company".
  7. ^ "House on Ono sells for $4.2 million cash". October 2017.
  8. ^ Kirkland, Scotty. "Waterman Steamship Corporation". Encyclopedia of Alabama. The Encyclopedia of Alabama TM. Retrieved 16 May 2015.
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