In 1985, he bought a $218 million stake in Sea-Land Corporation, held it for 11 months, and sold the stock for a gain of $83 million.

In 1966, Castle Island Container Terminal was constructed for Sea-Land Corporation, one of the first intermodal container facilities.

His father retired as a senior vice president of the Sea-Land Corporation, the shipping company in Edison, N.J.

Since then, it has acquired the Texas Gas Resources Corporation to expand in energy and American Commercial Lines Inc. and the Sea-Land Corporation to build its ocean transportation business.

The bride's father, who is also retired, was the senior vice president for planning and administration at the Sea-Land Corporation, the shipping company, in Edison, N.J.

Shippers like the $2 billion Sea-Land Corporation and the $30 million Kirk Lines already face fines totaling millions of dollars, although Customs' long appeals process has postponed actual payment.

In other cases he sold his stock, often at a profit, as he did with investments in the Sea-Land Corporation and the GAF Corporation.

In September 1986, Sea-Land Corporation merged with CSA Acquisition Corp., a subsidiary of CSX Corporation.

Joseph F. Abely Jr. - former Chairman and CEO of Sea-Land Corporation (1984 - Sep 1986)

This was the first port in the world to containerize due to the innovation of Malcolm McLean and the founding of the Sea-Land Corporation.