Bulkships

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]