December 30 1949 Stock Certificate 'Seatrain Lines Inc' NJ, 50 Shares Grades
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December 30 1949 Stock Certificate 'Seatrain Lines Inc' NJ, 50 Shares Grades. Seatrain Lines, the operating name for the Over-Seas Shipping Company, began intermodal container shipping by using entire loaded rail cars between ports in the United States and Havana, Cuba, with the first shipment in December 1928 aboard a specially designed ship, Seatrain. By the outbreak of World War II the company was operating five ships that became important in the war effort and basis for the design of fifty new ships for military use. A series of business setbacks amid the rise of containerized shipping left the company in perilous financial condition in the 1970s. Seatrain Lines shut down in 1981 after filing for bankruptcy.
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December 30 1949 Stock Certificate 'Seatrain Lines Inc' NJ, 50 Shares Grades
Estimate $125 - $250
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