Encyclopedia of Early Modern History Online

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Shipping company
(992 words)

A shipping company is a business enterprise that invests money in ships (Capital, accumulation of) in order to make a greater profit by transporting goods and/or passengers than would be achieved simply from carriage charges. Longer voyages increased the chances for profit but also increased expenditures for ships, tackle, crew, and commercial organization as well as the risk of loss through shipwreck, hijacking, piracy, disease, and much else. Such voyages therefore increased the capital requirements and necessitated various forms of shipping companies i…

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Ellmers, Detlev, “Shipping company”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 26 September 2023 <http://dx.doi.org/10.1163/2352-0272_emho_SIM_026275>
First published online: 2015
First print edition: 20180208

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