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1974 Seatrain Lines Inc.

 

 

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Stock Code SLI01

  Certificate for 100 shares of par value $1 of capital stock,  dated 24th June 1974, in this shipping company which was founded in 1928 and went bankrupt in 1982.

Issued to Merill Lynch Pierce Fenner, with the printed signatures of Douglas Sobel, Secretary and the President of the company.  Imprint of corporate seal.

Certificate size is 20.5 cm high x 30.5 cm wide (8" x 12").

About This Company

Framed Certificate Price : 55.00

Certificate Only Price : 15.00

 

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TO BUY THIS CERTIFICATE FRAMED:

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  Price 55.00


2. UK Shipping is included in the price. If you are ordering from outside the UK click on the relevant button below to include shipping to your country - a shipping charge should be added for each framed certificate. Note that if your order is over 100 no shipping charge is required, regardless of destination address.

U.S. / Canada Shipping (10.00)
Europe Shipping (7.50)
Rest Of World Shipping (15.00)

3. At any time you can either view the contents of your shopping cart or check out by clicking below:

TO BUY THIS CERTIFICATE UNFRAMED :

1. Click on this button to add the item to your shopping cart.

  Price 15.00


2. UK Shipping is included in the price. If you are ordering from outside the UK click on the relevant button below to include shipping to your country. Only one shipping charge is required for unframed certificates, regardless of the amount purchased. Note that if your order is over 100 no shipping charge is required, regardless of destination address.

U.S. / Canada Shipping (5.00)

Europe Shipping (3.75)

Rest Of World Shipping (7.50)


3. At any time you can either view the contents of your shopping cart or check out by clicking below:

 
About This Company

Seatrain was established to specialize in carrying loaded railroad cars in the U.S. Atlantic coastwise trade and between the US and Cuba. It was a considerable success and soon expanded into other geographic regions and other areas of shipping such as tankers. The loss of the Cuba trade after the Cuban Revolution hurt the company, as did competition from the railroads. As a result, Seatrain decided to focus on the tanker trade and was one of the most innovative companies in the business, fitting the supertanker Manhattan as an icebreaker and using it to open the Northwest Passage to ship Alaska oil directly to the US east coast. Although technically successful, the venture was not profitable, so Seatrain instead decided to focus on containerships. It pioneered the "landbridge" concept across the United States, cutting 10 days off travel time from Europe to the Far East, and was in position to become a dominant force in the industry despite a heavy debt burden. However, its owners decided to get into the shipbuilding business, which sucked off more resources, then to diversify into oil and coal  production, and eventually drove it into bankruptcy. The company was finally liquidated in 1982.

Source: fotw.fivestarflags.com

 

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