In 1637, Swedish, Dutch and German stockholders formed the New Sweden Company to trade for furs and tobacco in North America. Under the command of Peter Minuit, the company's first expedition sailed from Sweden late in 1637 in two ships, "Kalmar Nyckel" and "Fogel Gri". Minuit had been the governor of the New Netherland from 1626 to 1631. Resenting his dismissal by the Dutch West India Company, he brought to the new project the knowledge that the Dutch colony had temporarily abandoned its efforts in the Delaware Valley to focus on the Hudson River valley to the north. (The Hudson was known to the Dutch as the "Noort", or "North" river relative to "South" of the Delaware.) Minuit and his partners also knew that the Dutch view of colonies necessitated occupation to secure legal claim. The ships reached Delaware Bay in March 1638, and the settlers began to build a fort at the site of present-day Wilmington, Delaware. They named it Fort Christina, in honor of the twelve-year-old Queen Christina of Sweden. It was the first permanent European settlement in the Delaware Valley. Part of this colony eventually included land on the west side of the Delaware River from just below the Schuylkill River.