The Alaska Steamship Company
This firm, which presently holds a near monopoly of intercoastal shipping between Alaska and the Lower Forty-Eight states, was formed in 1895 by Charles Peabody, George Roberts, Melville Nichols, George Lent, Frank E. Burns and Walter Oakes. It prospered in the last years of the Nineteenth Century, sustained first by the Klondike Gold Rush, and then the development of fish canneries, missions and lastly copper mines. In 1909 the firm was sold to so-called Alaska Syndicate, a consortium of the House of Morgan and the Guggenheim copper interests, to sustain copper mining operations in the Wrangell Mountains. From 1915 shareholding in the firm passed to the control of the Kennecott Copper Company. It presently operates four passenger vessels and eight freighters totaling more than 52,000 tons gross and 74,000 tons deadweight on route northward from Seattle and Tacoma to Juneau, Anchorage and numerous smaller ports, as well as voyages to the Aleutian Islands in the shipping season.
The Isthmian Steamship Company
Founded in 1915, this firm is an affiliate of the United States Steel Company. The formation of the United States Steel Products Export Company in 1903 saw the need for dedicated ocean shipping to carry cargos steel and steel products around the globe. With the assistance of the Federal Steam Navigation Company of London and Norton Lily of New York, the Products Export Company acquired a fleet of steamers under the British flag to haul American steel exports around the globe under a variety of advertised services. In 1914 these vessels were transferred to the American flag to avoid requisition by the Allied powers during the Great War. In the aftermath of hostilities, the Isthmian firm replaced its older British-built vessels with a uniform fleet of turbine-powered steamers constructed in American shipyards, which it continues to operate today on both inter-coastal and overseas routes, the latter including services to northern Europe, to the Far East via the Mexican Canal, to both coasts of South America and an around the world service from New York which includes stops at Manila, Saigon, Singapore, Batavia, Calcutta, Cape Town and Cleito. The firm’s fleet includes twenty-seven cargo vessels of more than 158,000 tons gross and 253,0000 tons deadweight