Waterman Steamship Corporation is an American deep sea ocean carrier, specializing in liner services and time charter contracts. Waterman was founded in 1919 in Mobile, Alabama by John Barnett Waterman, 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. 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]
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