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Furness
Withy Group
(Est. 1891) |
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In 1878
Thomas and
Christopher Furness commenced shipowning, in 1883 Christopher Furness
purchased
an interest in the shipyard of Edward Withy and in 1884 bought the
company
outright. In 1885 Christopher Furness collaborated with Thomas Wilson
to form
the Wilson-Furness Line to operate services between On the collapse of the Kylsant shipping empire, Furness, Withy obtained control of Shaw, Savill & Albion Line in 1933 and in 1934 Johnston-Warren Line was formed with the amalgamation of Johnston, Warren and Neptune Steam Navigation Company. A substantial holding in Royal Mail Lines was obtained in 1937 (the remaining shares were purchased in 1965) and in 1939 the management of Bowater SS Co was taken over. Full control of Houlder Bros was obtained in 1968 and Kaye, Son & Co acquired in 1973. Furness, Withy & Co was sold to C. Y. Tung, Hong Kong in 1980 but the new owners gradually disposed of the ships and in 1990, the Tung group sold Furness, Withy (Shipping) Ltd to Rudolf A. Oetker who controlled Hamburg South America Line. In 1998 the name of the firm reverted to Furness, Withy & Co, Ltd and today has been merged within the Hamburg Sud Group. Thus Furness Withy ceased to exist as an independent company. Thus the Furness Withy Group, one of Britain's great shipping groups, disappeared due to mergers and consolidation in the shipping industry and globalisation. It is truly the end of a glorious era. Hamburg Sud Groupwww.hamburgsud.com
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