Ocean Transportation
Ocean Transportation Corporation: Facilitating Trade Relations Between the United States and European Countries
Ocean Transportation Corporation, established in October 1914, plays a pivotal role in enhancing trade relations between the United States and several key European countries, including Spain, Portugal, and Italy. Founded by Julio L. Forbes and William F. Vidal, the company has grown to become a crucial player in the transatlantic shipping industry.
Historical Context and Founding
The Ocean Transportation Corporation was officially incorporated in May 1915, with William F. Vidal serving as president and Julio L. Forbes as vice-president and general manager. The company's early establishment coincided with a period of burgeoning international trade, despite the challenges posed by World War I.
The company's initial focus was on establishing strong trade connections with southern European nations. This strategic decision has allowed it to build a robust network of agencies in the principal ports of Spain, Portugal, and Italy. Furthermore, the company offers direct shipping services from New York to major European ports such as Lisbon, Cadiz, Barcelona, and Genoa.
Trade Routes and Strategic Alliances
A key component of Ocean Transportation Corporation's operations is its ability to issue through bills of lading to all Spanish, Portuguese, and Italian ports. This capability is complemented by contract arrangements with local and coastwise lines, allowing the company to trans-ship goods to the most convenient ports efficiently.
During World War I, the company's trade with Spain faced fewer restrictions compared to other neutral European countries. This was largely due to the relative safety of Spain's Atlantic seaboard, which experienced less U-boat activity compared to other European waters.
Revitalizing Trade Relations
In the post-war period, Ocean Transportation Corporation has successfully resumed and expanded its trade services, particularly with Italy, after a temporary discontinuation during the war. This resumption marks an important step in rebuilding and strengthening trade ties with the region.
The demand for American machinery and electrical supplies in Spain is on the rise, presenting favorable conditions for mutually beneficial trade relations. Spain and Portugal are significant exporters of agricultural and mineral products, including olive oil, olives, raisins, wines, fruits, nuts, iron, coal, copper, and lead. These commodities highlight the potential for continued and expanded trade exchanges.
Leadership and Expertise
Under the leadership of William F. Vidal, who brings extensive experience in shipping and trade with Spanish ports, Ocean Transportation Corporation has successfully built a network that enhances trade between the United States and several European countries, including the Canary Islands.
The company's strategic initiatives and leadership have positioned it as a vital conduit for transatlantic commerce. By leveraging its historical expertise and adapting to changing market demands, Ocean Transportation Corporation continues to facilitate and strengthen trade relations across the Atlantic.