Red Star Line: Difference between revisions

 

=== New Owners and Redesigning (1877-1895) ===

In 1877, the Tuvarian government barred Red Star Line from receiving anymore checks and money from the government to fund shipbuilding and operation. Following this news, the former shareholders of the company resigned and put the entire Line up for sale for a nice price of 666,000 Tuvanats. After a year of being on the market, a young businessman and former shareholder, Adem Delic (1845-1913) purchased the company and relocated 2,000 of his employees from his other owned businesses to the Red Star Line. Delic was a contractor for Naval Military Endeavours in the Tuvarian Navy and so had a lot of experience under his belt with naval business.