Grace Shipping (The Grace Line) was a key part of the parent company, W. R. Grace, for a large part of the corporation's history. The Grace Line began service in 1882, with regular steamship service beginning in 1893. In 1929, the success of Grace Shipping was instrumental for its parent company to enter a joint venture with Pan American World Airways (later to become known colloquially as Pan Am) in order to create Pan American-Grace Airways (Panagra).
In December of 1969, Grace Line was sold to Prudential Lines for $44.5 million, with the merged company renamed Prudential Grace Line.
19th century
The Grace Line began service in 1882, with ports of call between Peru and New York City. The main source of shipping revenue was from the exporting of guano from the Chincha Islands of Peru to fertilizer manufacturers in the United States.[1] Regular steamship service was established in 1893, with a subsidiary called the New York & Pacific Steamship Co. The first ship to test the route was SS Mount Tabor. Steamships utilized the shorter route of the Strait of Magellan, whereas a sailing ship needed to go past Cape Horn.[2]