A Century of Riding the Waves: the Hsu Family of Eddie Steamship

On the 25th October 2023 Jim Ting left the following comment – ”My mother was the personal assistant of W.H. Eddie Hsu in the late 1970s until 1982 when we decided to emigrate to the U.S. She had fond memories of her time working there and every so often I still hear her telling these stories.”

York Lo: A Century of Riding the Waves: the Hsu Family of Eddie Steamship

Shanghainese shipowners have dominated the HK shipping industry since the 1950s and within this group the Hsu family traced its start in the shipping business to 1922 when family patriarch Charles Eddie Hsu, an ambitious businessman with interests ranging from aerated water to ports development, bought his first vessel in Shanghai and established Eddie Steamship four years later. The family business bounced back from setbacks in the 1930s under the management of the second generation – V.K. Eddie Hsu and W.H. Eddie Hsu in the 1940s and 1950s. In 1960, the brothers split up with V.K.’s branch over time built up Oak Steamship, Continental Mariner and Sincere Navigation while W.H. took over Eddie and turned it into the world’s largest independently owned bulk cargo carrier at one point before the shipping bust in the 1980s brought the group to its knee and required bailout from the Taiwanese government. Today, the third and fourth generation of the family remains major players in the global shipping business.  

The Founding Father: Charles Eddie Hsu (許廷佐 1882-1941)

Eddie Steamship Image 1 York Lo

Left: Charles Eddie Hsu; Center: Eddie Café on Broadway in Shanghai; Right: the Hsu family’s first vessel – “Choushan”  

A native of Dinghai (定海) in Ningbo, Charles lost his father, a fisherman, at the age of 6 and went to Shanghai with his mother at the age where he started his career as an apprentice at a metal shop. At the age of 13, he was referred by foreign missionary to work at the Astor House hotel (禮查飯店) in Shanghai where he rose to become the manager of its Grill Room. Like the famous Shanghainese tailor Hsu Ta-cheong who named himself “H. Baromon” (see article), Charles (whose Chinese name was Hsu Ting-cho) adopted the English name Charles Eddie and styled himself as “C. Eddie” (which might explain why both of his sons had Eddie in their names). One of the assistants he hired at Astor House was his nephew Johnson Chou (周祥生, 1895-1974), who later went on to establish Johnson Hire Cars, the largest taxicab company in old Shanghai. With his earnings from tips at the hotel, Charles formed C. Eddie & Co. (益利號) in 1916 as a general storekeeper, ship chandler, navy contractor and coal merchant. He also opened Eddie Café at 68 Broadway, serving both Chinese and foreign food with live music and entertainment. The restaurant, which described itself as “the only high-class café in Shanghai” and “the only real nightclub in China”, was managed by Ernest R. Engley and was renamed Browning’s Café after it was sold to J.H. Browning in 1930. 

In 1922, Charles bought his first vessel in partnership with fellow Ningpo tycoon Chu Pao-san (朱葆三) and named it “Chou Shan” (舟山) after a town in their native Ningbo. In 1926, Charles established Eddie Steamship (益利輪船) with three vessels – “SS Yisun” (益蓀) “SS Eddie” (益利) and “SS Yitai” (益泰) which traveled between Shanghai, Canton, HK, Amoy and Swatow. 

In January 1927, Charles founded Eddie Aerated Water Co (益利汽水廠) to manufacture a wide range of soda – orangeade, ginger ale, lemonade, sarsaparilla, and cola (named Eddie Kola). Soon he expanded into the related business of glass manufacturing. According to his bio, Charles had no hobbies except for starting new businesses. Aside from the businesses listed above, he teamed up with Tang Chun-chuen (鄧振銓) to open a bank – the Chen Lee Bank (振利銀號). He also had a metal shop which sold metalware from around the world and promoted canned goods manufactured by local and Western manufacturers. 

Eddie Steamship Image 2 York Lo  Left: label for Eddie Aerated Water’s Orangeade; Right: Ad for Eddie’s Aerated Water in 1938 (China Press, 26 June 1938: 14) 

In 1929, Hsu took on his most ambitious project – the development of the port of Sanmen Bay (三門灣). Located between Ningpo and Taichow, Sanmen Bay is a great location which the Italian government tried to turn into a concession back in 1899. Hsu’s plan was to develop Sanmen Bay into a major port and his investments covered all aspects of infrastructure including piers, warehouses, railroads, roads, factories and airport – all under the “Eddie” brand with companies such as Eddie Pier (益利碼頭), Eddie Godown (益利堆棧) and Eddie Hotel (益利旅館). Unfortunately, Eddie’s vessel carrying lots of supplies for the project was robbed by pirates en route to Sanmen Bay and coupled with the increasing Japanese aggression and investors pulling out as a result, the project resulted in significant losses for the family and the Eddie group of companies collapsed in 1935. 

Businesses were either shut down or sold off in the late 1930s and Eddie Aerated Water for example was acquired by China Finance Federal Inc. In 1941, Charles died of a broken heart at the age of 59. Outside of business, he was a generous philanthropist who had sponsored the establishment of the Ting Cho Free Primary School (廷佐義務小學) in his native Dinghai in 1934 (and continued to be supported by his descendants and run to this day) and supported the Shao He Middle School (上海肇和中學) in Shanghai. 

Vung-kwei Eddie Hsu (許文貴, 1905-2007), his descendants and Oak, Sincere and Continental Mariner  

Eddie Steamship Image 3 York Lo

Left: V.K. Eddie Hsu (National Repository of Cultural Heritage, Taiwan); Center: Eddie’s “Kondor” sailing from Ningpo to Shanghai in 1945; Right: flag of Sincere Navigation 

As the eldest son of Charles, V.K. attended the St. Francis Xavier College in Shanghai and joined the family business in the 1920s. To rebuild the family fortune, V.K. focused on the shipping business of Eddie Steamship. In 1941, the Japanese Navy seized the family’s vessel “Kondor” (高登輪) and after negotiations with the Japanese military, the vessel was returned to the family. Within one week of the end of the War, the “Kondor” which had been renamed the “Tat Fung” became the first vessel to resume the route between Ningpo and Shanghai. When the Communists came to power in 1949, the family moved to Hong Kong and Taiwan. 

The early 1950s was boom time for firms like Eddie as the Korean War and the post-War reconstruction in Japan stimulated demand for transportation of grains, raw materials and machinery. By 1959, the year before V.K. split with his brother W.H., the number of vessels in Eddie’s fleet had increased to 8. 

After the split, V.K. formed Oak Steamship (和合輪船) in Hong Kong in 1961 and Sincere Navigation (新興航運) in Taiwan in 1968 with the support of his children. V.K. married Mai-chuen Wu (吴美娟, 1904-1988) in 1925 and have 4 sons – Steve Hsu Gee-king (許志勤, 1933-), Frank Hsu Gee-way (許志偉), George Hsu Gee-kong (許志) and James Hsu Tse-min (許志明) and 1 daughter. Steve received his B.S. from Louisiana State and M.S. from Kansas State and returned to join the family business after graduation in 1959 and succeeding his father in 1975. In addition to his sons, V.K. was also supported by his son in law Watson Tang Hua-chien (唐化千) and longtime lieutenant Fred Tsai (蔡景本). 

In the late 1960s, V.K.’s family teamed up with the family of Hang Seng Bank chairman Ho Sin-hang (何善衡) and fellow Shanghainese shipping magnate T.Y. Chao (趙從衍) of Wah Kwong Shipping (see article on HK Food Products) to form Continental Mariner (新海康航業) with Ho as chairman and V.K. as vice chairman.  

Eddie Steamship Image 4 York Lo Left:Article about the IPO of Continental Mariner in 1973 (WKYP, 1973-8-12); Right: Steve Hsu  

The profits of Continental Mariner jumped from HK$3 million in 1968 to HK$4.4 million in 1969 to HK$5 million in 1970, to HK$7.7 million in 1971 to HK$12 million in 1972. In August 1973, Continental Mariner went public in Hong Kong in an offering underwritten by Jardine Fleming, Hang Seng, Wardley and Inchcape, raising a total of HK$55 million. At the time, the firm owned 9 vessels valued at HK$209 million. 

Meanwhile, Oak Steamship also grew its fleet to include “Oak River”, “Main Ore” (built 1975, 98047 tons) and “Goldstar”. In 1977, Oak acquired “Sun Dragon” (57404 dwt) from Seiriki Kisen of Japan for 3 billion JPY. 

For the fiscal year ending March 1983, Continental reported profits of HK$52 million, a drop of 39% from the previous year. The same year, Ho Sin-hang stepped down as chairman of Continental (he also retired as chairman of Hang Seng Bank the same year) and was succeeded by V.K. while Ho’s son David Ho Tzu-cho (何子焯) was appointed vice chairman. (TKP, 1983-8-31) In 1985, the firm lost HK$180 million as the recession in the shipping industry worsened and the firm was forced to cut its fleet from 11 to 5 by 1988. In the late 1980s, profits at Continental Mariner rebounded to HK$55 million for the year ending March 1990 and four ships (1 Cape-sized, 3 Handy-sized were acquired in 1989 bringing the fleet back to 9 (4 Cape, 2 Panamax, 3 Handy), shipping iron ore, coal and grain in the main global routes. 

In Taiwan, Sincere Navigation moved up market in the 1980s by expanding its routes beyond Japan to Europe and America, buying larger cape-sized and Panamax-sized ships and taking on large global steel mills and electric utilities as clients. Sincere as a result managed to weather the shipping recession in the mid-1980s, acquired two affiliated shipping companies in 1987 and went public in the Taiwan Stock Exchange in 1989. After it went public, Sincere emphasized stability and profitability over volume and growth and maintained a fleet of 12-20 vessels without over-expanding.   

In 1992, Oak Steamship was renamed Oak Maritime (和合航). In 1993, Oak sold its Hong Kong listed shell of Continental Mariner to the PLA controlled China Poly Group (the listed shell was renamed Poly HK in 2005 and Poly Property in 2012) and the four vessels in the Continental Mariner fleet sold to Jin Hui Holdings. In 1996, V.K. retired to Vancouver where he died a decade later at the age of 102. 

In 2008, Steve passed the baton to his son Jack Hsu Chi-kao (許積臯), who joined the family business in 1989 and was elected chairman of the HK Shipowners Association. At present, the Oak Maritime group has a fleet of 21 bulkers and tankers with deadweight tonnage in excess of 3.5 million tons. As for Steve, after experiencing improved eyesight from eating blueberries for a summer in Canada, he opened a blueberry farm in Shandong and a tea seed oil farm in Jiangxi after his retirement from shipping.

W.H. Eddie Hsu (許文華, 1919-1987) and Eddie Steamship (益利輪船)

Eddie Steamship Image 5 York Lo

Left: W.H. Eddie Hsu; Center: Flag of Eddie Steamship; Right: One of Eddie’s Panamax vessel flying the R.O.C flag

A graduate of the University of Shanghai (滬江大學) and Oxford University in the UK, W.H. Eddie Hsu embarked on an aggressive program of expansion after taking over Eddie Steamship in 1960 and established three other companies – Far East Navigation (遠東航業), Outerocean Navigation (瀛海航業) and Waywiser Navigation (偉業航業). In 1964, the four companies filed with the Federal Maritime Commission to operate joint cargo and passenger/mail service between ports of US and Canada and Taiwan, Japan, Korea, Philippines, HK, Okinawa, Malaysia and Panama under the trade name of “Eddie Line”. In September of the same year, Eddie began service between Taiwan and Latin America with two 12000 tons cargo liners visiting Latin American ports once every two months. “Kuo Tai” – built in 1944 as “Warren Delano”, acquired by Eddie in 1962, scrapped in 1966. Vessels operated by Eddie in the 1960s included “Shirley” (8763 tons, built as “Asia” in 1946 for Cunard, acquired by Waywiser in 1963, scrapped in Kaohsiung in 1969) and “Harriet Victory” (7651 tons, built in 1945 in California, acquired by Waywiser in 1963, scrapped in Kaohsiung in 1970).   

In 1971 Federal Register, the four companies controlled by W.H. controlled a total of 16 vessels as follows: 

Eddie – “Jeannie” (1969), “Kally”, “Tailee”, “Polly” , “Ally” (1970) and “Welly”

Far East – “Caroline”, “Tunglee” and “Irene” (13005 tons – Built as “Wolf Creek” in 1944, bought in 1965 from S.S. Niarchos and renamed “Irene”  Renamed “Tai Lee” in 1967 and broken down in Kaohsiung in 1977.)

Waywiser – “Cherry” (42875 dwt), “Minlly” (10499 tons,built in 1959, acquired in 1969, scrapped in Kaohsiung in 1977 ) and “Florence” (10195 tons, built in 1943 for US government as “Opequon”, acquired by Continental Oceanic Navigation in 1966 and renamed as “Florence”, sold to Waywiser in 1969, broken up in Kaohsiung in 1979)

Outerocean – “Greta” (10448 tons, built in 1943 for US government as “Yamhill”, acquired by Outerocean in 1968, broken up in Kaohsiung in 1975), “Shelley”, “Silvana” (9874 tons, built in 1944 as “SS Beaverburn”, owned by Canadian Pacific Steamship (1946-60), owned by W.H. from 1964 until 1971) and “Lisboa” 

In the 1970s and early 1980s, W.H. embarked on major expansion and at his peak owned over 50 ships, many of them under the “Transporter” and “Panamax” name:  

 “Panamax Star” – 33207 tons, built in 1966 

“Panamax Jupiter” – 40769 tons, built in 1966 in the UK, acquired by Eddie in 1977, scrapped after fire in 1985

“Panamax World” – tons, built in 1972 by Taiwan Shipbuilding Corporation, largest bulk carrier built by the firm at the time and christened by Perth mayor Sir Thomas Wardle for Taiwan-Australia freight service. 

“Panamax Nova” – 36338 tons, built in 1967, owned by Waywiser until 1984 

“Panamax Universe” – acquired in 1982 and sold in 1984 to Lobelia Marine

“Panamax Venus” – built in 1973 by China Shipbuilding (W.H. was one of the original private shareholders of the state controlled firm) in Taiwan, 60107 tons, acquired by Chase Manhattan in 1985 and renamed “West Bridge”

“Panamax Uranus” – built in 1966, acquired by Eddie in 1978, renamed “Panamax Solar” in 1983 in transfer to Far Eastern, broken up in Taiwan in 1985. 

“Panamax Neptune” – built at Mitsubishi Heavy Industries’ Kobe shipyard in 1973

“Panamax Cosmos” – 66742 dwt, built in 1984, sold in 1991 by Far Eastern to Greek interest

“Jade Transporter” – 66903 tons – built at MHI Hiroshima Machinery Works in 1970 

“Metal Transporter”  – 56740 tons, built in 1967

“Cobalt Transporter” – 165062 dwt, built in 1972 by Hitachi in Japan, bought by Outerocean in 1983, sold to Formosa Shipping in 1985 and became “Formosa Glory”

“Ore Transporter” – built in 1968 in Japan, renamed “Cretan Sky” 

“Gold Transporter” – acquired from Japan in 1982 

“Opal Transporter” – 95404 tons, built in 1970 by Mitsui, acquired in 1983 by Waywiser, sold to Formosa Shipping and renamed “Formosa Fortune” in 1985

“Iron Transporter” – 89438 tons, built in 1972 in the UK as “Tyne Bridge”, acquired in 1983 by Far East, sold to Wulfsburg Ltd in HK in 1985 and renamed “East Bridge”

“Emerald Transporter”  – 96760 tons, built in 1972

“Steel Transporter” – renamed “Cretan Sun” 

Other vessels owned by Eddie during its heydays include “Christina” (1976) “Juliana” (1971) “Anita” (1974) and “Concord Horizon” (built as “London Resolution”, acquired in 1977 by Waywiser)

In 1977, W.H. was appointed to the 13 member ROC Technical Committee to the American Bureau of Shipping. Between 1981 and 1983, W.H. expanded his fleet by 21 vessels at the cost of US$88 million. However, the timing of the expansion proved to be disastrous as the tides of the global shipping trade soon turned and in early 1984, W.H. had to call in his creditors (mostly American banks led by Chase Manhattan) for a rescue package involving debt of US$235 million. By mid summer, more than a third of Eddie’s fleet of 42 ships had been immobilized by the courts in various ports. The Taiwanese government stepped in and rescued the group. W.H. died in 1987 and was survived by his wife Chao Ching-yun (趙晶雲, 1926) and six children – his 2 sons Hsu Chi-chia (許志嘉) and Hsu Chih-chien (許志堅) and 4 daughters including Annie Hsu (許愛貞), who is the wife of Matthew Miau (苗豐強), the founder of Taiwan/US IT giant Mitac/Synnex Group. 

Hsu Chih-chien, who graduated from Colby College in 1980, assumed leadership of Eddie Steamship after his father’s death and by 2005 the firm operated 10 bulkers ranging in capacity from 28400 dwt to 34700 dwt. Separate from Eddie, he co-founded Courage Marine (勇利航業) with Wu Chao-huan in 2000 with 10 bulkers and the firm went public in Singapore in 2005. However, as the freight market weakened in the 2010s, Courage posted losses in 2013 and 2014 and Hsu sold the firm in 2015. Today, Eddie owns three bulkers. 

Sources (other than those quoted above): 













This article was first posted on 16th December 2019.

Related Indhhk articles:

  1. Teh Hu Steamship (德和輪船公司)
  2. Kwok Acheong – owner of ex-P&O Steamship works Hong Kong 1854
  3. Kung Lee Steam Ship Company Ltd – Harry Long’s personal experience
  4. Harry Long – employment with Kung Lee Steamship Co and HK and Yaumatei Ferry Co
  5. Aerated Water Companies in Hong Kong
  6. Hongkong Food Products Manufacturing


  • Peter Cundall

    A very interesting article. The references to the early pre-war ships are particularly fascinating.

    A problem for Western researchers is that Chinese ships transliterated names don’t always appear as such in Lloyds Register- and in some cases Chinese ships (particularly those built by local Chinese builders not the bigger then European run yards) don’t appear in Lloyds at all. For example Chou Shan is shown in Lloyds Register (LR) as Chusan and Yi Tai appears to be missing.

    From what I can tell the following fates affected the pre-war ships mentioned::

    Chusan (Chou Shan) 舟山 built by Shanghai Dock and Engineering Co in 1922 for Chusan SS Co, Shanghai. 1253 gross tons. In 1938 sold to A Nolte et all and managed by Carlowitz & Co, a German trading company. The ownership was in all likelihood a front for Chinese owners as by registering under the German flag the ship could not be seized by the Japanese. The ship was renamed Elbhof and survived the war but in the 1940’s reverted to Chusan under Chusan SS Co. It seems that this is either in error or the Chusan SS Co had been sold as a going concern with the vessel as its principle asset by the Eddie Group when it collapsed. In 1950 the ship was seized by Chinese Nationalist Government in Taiwan and was apparently from 1952 used as a hospital ship. No further information is known.

    Yi Li 益利 was built by Sunderland Shipbuilding Co, UK for the Russian Navy .in 1908 as Okhotsk. In Nov 1922 the ship evacuated White Russian (non communist) troops from Vladivostok to Genzan (Korea) and later sailed to Shanghai. From 1926 apparently the ship was owned by Yi Li Steam Navigation Co. Later the ship was sold to Tien Hsin SS Co, Shanghai and then in 1937 sold to Chinese-Italian Nav. Co. Ltd. a front company for San Peh S Nav. Co (Yu Ya Ching) and renamed Commandante Paolini. In 1943 the ship was allegedly sunk by an air attack at Woosung, near Shanghai.

    Yi Sung (shown as Yisun) 益蓀was built as a sailing ship called J M Wendt by J Lauge at Vegasack in 1890. The ship was 1806 gross tons and was firstly owned by Siedenburg, Wendt & Co, Bremen. In 1906 the sailing ship was sold to Norddeutscher Lloyd and was hulked as a coal hulk in the far east. In 1921 the hulk was bought by the Philippine Vegetable Oil Co. and rebuilt in Japan as a steamship. The ship was renamed H. S. Everett. The ship passed through a succession of Philippine owners before being sold by Madrigal & Co in 1933 to the Yi Sung SS Co (presumably a subsidiary of Eddie & Co) and renamed Yi Sung. In 1937 the ship was sold to . Chung Hsing SS Co without change of name and was scuttled at Haichow in September 1937.

    Unfortunately I have no info on the other two ships mentioned Yi Tai (益泰) and Kondor(高登輪) . Perhaps some one else can shed light on the history of these ships.

    • Chih-Chien Hsu

      Dear Peter, Thank you very much for your comments on the ships owned by my late grandfather Charles Eddie Hsu. I just stumbled upon this fascinating article by York Lo this afternoon. As you can imagine my family left Shanghai in a hurry in 1949 and since we thought we would be going back shortly almost no company records were brought to Taiwan during the relocation (I was born in Taiwan). Many of the ships owned by Charles Eddie were small ships but the one substantial vessel we owned was the 益利輪 S.S. Eddie in English (referred to in the article as the “Yi Li” which is the phonetic translation from the Chinese name). We do know that the ship was acquired in 1927 and that was the founding of Eddie Steamship Co. Ltd. Both myself and my cousin Steve Hsu of Hong Kong have tried to find definitive records of the ship with very limited results. The archives of the famous old Sheng Bao newspaper at the Shanghai Library had several articles referring to the SS Eddie from 1927 until 1935 when it was reported sold to a bank during the time Charles Eddie had his financial problems. Apparently the ship was renamed the “Hsin Yung Chuen” but it seems the Hsu family continued to operate the vessel. In 1937 when Japan invaded China we do know that she was put under the German flag to avoid harassment and renamed the SS “Kondor”. A few years ago we found documentary evidence of this from a German website listing all ships ever registered under the German flag. According to this website a ship named “Hsin Yung Chuen” built at Geo. Fenwick shipyard Hong Kong was put under the German flag and renamed the Kondor by “Hsu Wen-Yung” (which would be my second uncle). We do know that in about 1942 when the Japanese seized the International Settlement area of Shanghai the Kondor was re-flagged again to the Chinese (collaborationist) flag and renamed the SS “Dah Foong”. The Dah Foong was lost in a bad storm in 1947 and this was reported in the Sheng Bao at the time. Although this narrative seems to contradict your research, family oral history definitely tells of Charles Eddie buying an abandoned White Russian navy vessel and converting it into a coastal passenger ship. So I am not sure how to reconcile the two narratives. Can you tell me where you found the history of the “Okhotsk”? Perhaps we may even be dealing with two separate ships owned by Eddie Steamship Shanghai at slightly different times with the same ship name. Are you based in Hong Kong? I would love to have a discussion with you and York Lo,

    • Chih-Chien Hsu

      Dear Mr. Peter Cundall,

      Since I made your acquaintance via this website so much of Eddie Steamship’s early history has been rectified and this comment should supersede my comment dated February 13, 2020.

      Firstly I owe you a debt of gratitude for taking the time to write a lengthy commentary to York Lo’s article about the fleet of ships owned by my grandfather Charles Eddie Hsu in the 1920′ and 1930’s. When Eddie Steamship Co. Ltd. moved from Shanghai to Taipei in 1949, everything was done in a great hurry so no historic records of the company was brought along so no details of our early fleet was available in our own company records. The fact that you were able to correctly identify the provenance of several of our earliest ships, including the Chusan (舟山輪), Yi Li (益利輪), Yi Sun (益蓀輪) was most impressive. Through you I was also able to find the website http://www.oldchinaships.com run by Mr. Stephen Kentwell and Mr. Howard Dick which provided the particulars and photos of these ships. What was most impressive about your detective work was the fact that in the 1920’s and 1930’s Lloyd’s Register, the source of much of your information, identified our company as “Yi Li Steam Navigation Co. Ltd.” which was romanization of our Chinese name 益利輪船公司 and it was only much later in the late 1940’s and 1950’s that we became well known on the international maritime stage as Eddie Steamship Co. Ltd.. The fact that you were able to correctly link “Yi Li Steam Navigation Co. Ltd.” to “Eddie Steamship Co. Ltd.” enabled me to discover most of the earliest ships in our fleet. Your letter was truly the “Rosetta Stone” of my quest to piece together the history of the company. So to summerize the results of our research over the past two years, these are the vessels of the Eddie Steamship group in the 1920’s and 1930’s:

      1. The S.S. Chusan (舟山輪) built in 1922 as a newbuilding at the Shanghai Dock and Engineering Co. Ltd. This was a joint venture vessel between Hsu Ting-zuo, Chu Bao-san (Chairman of the Shanghai Chamber of Commerce) and several other shareholders. She was a passenger and general cargo vessel that traded mainly between Shanghai, Ningbo and Zhoushan island under the Chinese flag. During WWII she was put under the German flag to avoid harrassment by the Japanese navy and renamed the Elbhof. In 1945 she reverted back to the name Chusan under the Chinese flag. During the Chinese civil war she was converted into a hospital ship and was eventually evacuated to Taiwan with the ROC government. She was demolished in Taiwan in 1963.

      2. The S.S. Yi Li (益利輪) was the first ship wholly owned by the Hsu family. She was originally built as the Okhotsk for the Russian Imerial Navy at Sunderland Shipbuilding Co. Ltd. in the UK. At the end of the Russian Civil War in 1922, she evacuated White Russian soldiers and refugees from Vladivastok to Shanghai. On 26th November 1926 her ownership was transferred to Hsu Ting-zuo to offset debts of the Russian refugee fleet in Shanghai. She was converted into a passenger/general cargo vessel in 1927 and traded mainly from Shanghai to Ningbo and Zhoushan. Hsu Ting-Zuo lost control of the ship after his financial crisis of 1935.

      3. The S.S. Hsin Yi Li (新益利輪)of 663 gross tons: She was built by Robert Napier & Sons in Govan, Scotland in 1894 as the John Williams for service as a missionary ship in the South Pacific. Hsu Ting-Zuo aquired her in 1931 and did major work on her at the Jiangnan Shipyard and converted her into a general cargo/passenger vessel. She was renamed the Hsin Jui An in 1935 possibily with other new investors taking major shares in the vessel. On 22 November 1945 she was reported in the Taiwan Ming Bao newspaper to have commenced a service from Shanghai to Taiwan.

      4. The S.S. Yi Sun (益蓀輪) of 1833 gross tons: Built as a sailing ship J.W. Wendt in 1890 at J. Lange shipyard in Vegesack, Germany. In 1921 she was fitted with a single screw triple expansion engine and was renamed the H.S. Everett. Hsu Ting-Zuo acquired her in 1933 and was renamed the Yi Sun. She was a cargo vessel mainly carrying coal from Lianyungang in north China to Shanghai. In January 1938 as part of the Chinese government’s efforts to blockade the port of Lianyungang from use by the Japanese navy, the Yi Sun was filled with sand and gravel and sunk at the entrance of the port.

      5. The S.S. Ning Hsiang (寧象輪) of 359 gross tons: Built as the Kyodo Maru No. 6 in 1903 at T. Haruki Shipyard at Tokushima, Japan. After several name and ownership changes within Japan, in 1934 she was registered under the ownership of Ning Hsiang Steamship Co. Ltd. of Ningbo, China. According to the diary of W.H. Eddie Hsu, in about October 1937, after the Japanese invasion of China, the ship was renamed the Lisboa and transferred to the Portuguese flag. A ship named Ning Hsiang of 358 gross tons was reported to have been filled with sand and gravel and sunk at the port of Ningbo in April 1939 to block the Japanese from using the port when the city fell. Its possible that locally she was still trading under her former Chinese name.

      6. The S.S. Kondor (高登輪) later renamed the Dah Foong (達蘴輪). According to the diary of W.H. Eddie Hsu this ship was originally named the Hsing Yung Chuen/新永川 under the Chinese flag but upon the Japanese invasion of China in 1937 she was put under the German flag and renamed the Kondor. According to German records, she was built in 1894 at George Fenwick & Co. shipyard in Hong Kong of 439 gross tons and 1242 tons deadweight. After the war she was renamed the Dah Foong and continued to trade from Shanghai to Ningbo and Zhoushan. She sunk during a heavy storm in June 1947.

      In addition to the above vessels, there are three more ships for which we have the vessel’s names but no further details or particulars. They are as follows:

      S.S. Yih Tai (益泰輪), owned and operated during the late 1920’s and early 1930’s.

      S.S. Tai Shan (台山輪), later renamed Tempo (天寶輪) under the Portuguese flag during WWII.

      S.S. Faro (福禄輪), under Portuguese flag during WWII.

      Fast forward to February 2020, Eddie Steamship established a joint venture company with Shandong Shipping Group of the Shandong Provincial Government called Shandong Shipping Asset Management Corp.. During 2020 and 2021 Eddie Steamship purchased three capesize bulker carriers of 180,000mt deadweight each and two newcastlemax size bulk carriers of 210,000mt deadweight each which were then chartered to this joint venture company to move iron ore from Brazil, Peru, Mexico, West Africa and Australia to China. The first of these vessels was named the “SAMC Eddie” and the largest of them was named the “XH Sanmen Bay” to commemorate Charles Eddie Hsu’s many business ventures almost a hundred years ago.

  • York Lo

    Thanks Peter for shedding the light on the fate of some of the early vessels controlled by Eddie – looks like they were all sold when the group went into trouble in the 1930s.

    • Chih-Chien Hsu

      Dear York,

      I am very impressed with the research you did for the above article. Although information about my father WH and my uncle VK are readily available from newspaper articles in Taiwan and Hong Kong, I am very surprised at the specific details you have found of my grandfather Charles Eddie’s businesses in Shanghai. You must tell me sometime where you were able to find such detailed information from a hundred years ago.

    • Dear York,

      Thanks to your article I was able to connect with Peter Cundall and two of his colleagues who have done vast research on the ships that trade on the China coast during the pre-WWII years and I have found definitive background of three ships owned by Charles Eddie Hsu, namely the Yi Li (Yih Lee) 益利, the Hsin Yi Li 新益利 and the Ning Hsiang 寧象. In your article you mentioned two other ships the “SS Yisun” (益蓀) and “SS Yitai” (益泰). Can you tell me where you found the connection between these two ships and Charles Eddie Hsu so that I can do further research. Thanks very much.

  • York Lo

    Hi Chih-chien,

    The source for the names of the three vessels (益蓀, 益利 and 益泰 ) at the launch of Eddie Steamship is from below bio of your grandfather from the 1935 “Modern Businessman”:


    The English names I have attached to 益蓀, and 益泰 are just English translations and the actual English names might be different. .

  • Chris Gee

    Hi York Lo, from Fremantle, Western Australia.
    I am editor of the World Ship Society Fremantle Branch monthly shipping magazine and will shortly be doing a photo feature of the many interesting Eddie Steamship bulk carriers (mostly converted) and cargo ships that visited Fremantle in the early-1970’s. I have just been researching the history of Eddie Steamships on the internet and request if it would be possible to use a lot of your article as background to the history of the company in our magazine. I will of course credit the article to yourself. We are a worldwide shipping enthusiasts not for profit group and not linked to any commercial businesses. I am also a committee member of the same Australasian historical maritime organisation as Mr Peter Cundall who also commented above. Thank you.

    • York Lo

      thanks Chris for reaching out. Feel free to use the article as long as you cite it as the source. Thanks! York

  • Jim Ting

    My mother was the personal assistant of W.H. Eddie Hsu in the later 70s until 1982 when we have decided to immigrate to US. She had fond memories of her time working there and every so often I still hear her telling these stories.

    • Chih-Chien Hsu

      Dear Jim Ting
      Hahaha I knew most of my father’s assistants from that era and I could not recall one with the surname Ting. Then I realized that most of the ladies in the office would use their maiden names so I contacted our former receptionist Miss Chang (now retired) and she told me the younger of the “Sung sisters'” married name would be Ting. Feel free to send me an email at eddieship@eddieship.com
      Best regards to your mother.

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