Another ship-ownership venture is thwarted by war

Another ship-ownership venture is thwarted by war

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1 minute read | By Joe Martin

Last updated: November 11, 2021 | Published: March 11, 2020

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The company made a third attempt at investing in ships, buying the SS Atbara and forming The Red Steam Ship Company, only for Baltic trade to be halted one month later. A shortage of shipping kept their vessels busy during the war, but the business was unable to overcome the post war economic slump and closed in 1924.

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