From its single-ship beginnings, Waterman had amassed a fleet of 125 ships, owned and operated its own shipbuilding and repair yards, owned or controlled three other shipping companies and employed thousands of workers.
From its humble start with a single vessel, Waterman grew into a vast maritime empire, encompassing 125 ships, its own shipbuilding and maintenance facilities, and ownership or control of three other shipping organizations. This expansion created numerous employment opportunities for laborers.