Ocean Group plc was a major British transport business. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index.
History
The company was founded by Alfred Holt and Philip Holt, as the Ocean Steamship Company, to provide a steamship service known as the Blue Funnel Line, between the United Kingdom and China. It was generally known as Holts and had a trademark blue funnel on its ships. ==Operations==
Operations
A major restructuring exercise occurred in 1967 whereby all of the Ocean Steam Ship Company's fleet operations were divided amongst four companies, each of which answered to the main board of the Ocean Steam Ship Company. The four fleet operating companies were: • Blue Funnel Line • Elder Dempster • Glen Line • Nederlandsche Stoomvaart Maatschappij OceaanSubsidiaries and subsequent acquisitions • Seaway Car Transporters Limited were a wholly owned subsidiary of Elder Dempster • Guinea Gulf Line – formerly the John Holt Line – was acquired by Elder Dempster in 1965 • Palm Line was acquired in 1984 == References ==