On 10 April 1959, Arosa Line Inc., Panama (Compañía Internacional Transportadora) was declared bankrupt. Their ship, Arosa Star, was sold at public auction for approximately $510,000 by the Eastern Steamship Lines through the McCormick Shipping Corporation, Panama, to Eastern Shipping Corporation.
In May 1961, owner Frank L. Fraser of Eastern Shipping Corporation had passed full control of the company to William R. Lovett (of Winn-Dixie supermarkets), with the name being changed to Eastern Steamship Corporation.
Postcards
1961 – Eastern Steamship Corporation (Type 1)
References
- Arosa Star
- Coastwise Cruise Regulations Hearing, 89-1, August 24-31, 1965
- gettraveling.com
- Wikipedia: Borinquen (1930)