Grace Shipping Company

Grace Shipping Company
Company typeShipping company
Founded1886
FateCompany was sold to Prudential Lines in 1967 in a merger that created the Prudential Grace Line.

Grace Shipping (The Grace Line) was a key part of the parent company, W. R. Grace, for a large part of the corporation's history. The Grace Line began service in 1882, with regular steamship service beginning in 1893. In 1929, the success of Grace Shipping was instrumental for its parent company to enter a joint venture with Pan American World Airways (later to become known colloquially as Pan Am) in order to create Pan American-Grace Airways (Panagra).

In December of 1969, Grace Line was sold to Prudential Lines for $44.5 million, with the merged company renamed Prudential Grace Line.

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