Industry | Transportation and shipping |
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Founded | 1933New York City | in
Defunct | 1986 Chapter 11 bankruptcy |
Fate | Merged with Grace Lines in 1969 |
Successor | Prudential Grace Line |
Key people |
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Prudential Steamship Corporation was a shipping company founded in 1933 in New York City by Stephan Stephanidis. Prudential Steamship Corporation operated the Prudential Lines. Prudential Lines main routes was from the United States to Mediterranean ports. The Prudential Lines was never successful and was always near bankruptcy. Prudential Lines was active in supporting the World War II efforts. At its peak in the 1960s Prudential Lines owned and operated two tankers, and five cargo ships. In 1960 the Prudential Steamship Corporation was sold to Spyros Skouras and his family. In 1969 the Prudential Lines merged with Grace Lines, which continued to operate the fleet as the Prudential Grace Line.