Bulkships was founded in 1958 by the
Adelaide Steamship Company,
Howard Smith and
McIlwraith, McEacharn & Co as a
bulk carrier operator. By 1968, Adelaide Steamship Company and McIlwraith, McEacharn & Co each owned 50%. In August 1970,
TNT purchased a one-third shareholding. By 1972, it owned a 25% shareholding in
RW Miller. In February 1977, TNT bought out Adelaide Steamship Company taking its shareholding to 63% with McIlwraith, McEacharn & Co owning 37% with the business rebranded TNT Bulkships. ==References==