The Emden Schulte business developed a sailing fleet in the Baltic timber trade, bought its first steamship in 1914 and founded a shipyard in 1917. Heinrich and Johann Schulte’s second generation supplied raw materials to German mining and steel industries through seagoing and inland shipping. Bernhard and Hans-Heinrich took over in 1937–38, reopened the office in 1945 and lost the three surviving ships to expropriation. A new vessel was bought in 1949. Bernhard left on 1 October 1955 to establish his own company.
Schulte & Bruns encountered financial difficulties in October 1977 and was later wound up. Following the 1978 bankruptcy, Emder Bugsier P.W. Wessels took over half the staff and fleet interests, with Frisia Handels- und Transport and Jade Dienst taking a quarter each. Rosanoski considers Emstank apparently among the assets.
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