Coldstream was launched at Shields in 1788, probably under another name. She first appeared under the Coldstream name in Lloyd's Register in 1800; her earlier history is currently obscure. Between 1801 and 1805, she made two voyages to the southern whale fishery. A French privateer captured her in 1805 during the second.

Career Coldstream entered Lloyd's Register in 1800 with J. Gilchrist, master, Mather & Co., owners, and trade London transport. The next year her master became Andrews or Anderson, and her trade London–Cape of Good Hope.

On 7 June 1801, Coldstream, Anderson, master, sailed from Deal for the Cape of Good Hope (CGH).Lloyd's List №4158, Ship arrival and departure (SAD) data. On 21 June she sailed from Gravesend for the CGH. Lloyd's List reported on 5 January 1802 that she had arrived at the CGH. It then reported on 20 August 1802 that she arrived at the CGH from the South Seas.LL №4283, SAD data. From the CGH she sailed to St Helena and Cowes, and on 1 October she arrived at Gravesend.Lloyd's List №4296, SAD data. Commerce was valued in 1802 at £6,600.

On 16 December, Coldstream, Dunn, master, remained at Deal, bound for the South Seas.LL №4308, SAD data. The next day Dunn sailed Coldstream on a whaling voyage to the Brazil Banks. Although she sailed for the Brazil Banks, by 1803 she was at the Galápagos Islands. Coldstream and were well off the coast of "Chili" in July and August.Lloyd's List (LL), №4453. Coldstream, , and were next reported "all well" at the "Gallipagos" by 4 October.Lloyd's List 13 July 1804. №4470.

In February 1805, Coldstream was rounding Cape Horn.British Southern Whale Fishery – Voyages: Coldstream.

Fate Lloyd's List reported that the French privateer Bellone, had captured Coldstream, Dunn, master, in June 1805 in sight of St Helena. Coldstreams crew were landed there.Lloyd's List №4245. Dunn and his crew were in two boats and they arrived at St Helena on 24 June 1805.

Lloyd's Register Information in Lloyd's Register and the Register of Shipping was only as accurate as owners of vessel chose to keep it.

Year Master Owner Trade Source 1800 J.Gilchrist Mather & Co. London transport LR 1801 J. GilchristAndrews Mather & Co. London transportLondon–Cape of Good Hope LR 1805 Andrews Mather & Co. London–Cape of Good Hope LRLR (1805), Seq.№541.

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