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This work is a reprint of a 1962 book, British Shipping and World Competition, by maritime economist Dr S. G. Sturmey. It seeks to explain why the tonnage of ships registered in the United Kingdom declined from forty-five percent of the world total in 1900, to sixteen percent by 1960. It presents four possible answers and proceeds to examine them in detail: changes in approaches to competition resulting in changes to the economic structure of the industry; international interference in competitive structures; unrelated factors, such as government policies that didn’t directly concern shipping but still caused an impact; and the internal actions within British shipping relating to changes in industrial circumstances. It is comprised of fifteen chapters, an appendix tabling the contribution of British shipping to the balance of payments, a bibliography, comprehensive index, epilogue, and a foreword from the series editor which states that the Sturmey’s arguments remain resonant in the field of maritime history in the present day. Sturmey makes a particular effort to place the activity in the British shipping industry into an international context for the sake of comparative analysis. It concludes that the decline of the industry was primarily due to internal decision-making rather than external factors - a conclusion that was considered divisive and provocative upon initial release, but has stood the test of time. The epilogue attempts to predict the future of British shipping post-1960, suggesting shipowners could improve the industry’s prospects: however, few of these predictions came to be.
Changes in the dynamics of economic activities since the last decades of the 20th century have yielded major changes in the composition of industries and the division of labor and production across different regions of the world. Despite these shifts in the global economy, some industries have remained competitive even without relocating their operations overseas. Industries and Global Competition examines how and why the specificities of certain industries and firms determined their choice of location and competitiveness. This volume identifies the major drivers of this process and explains why some firms and industries moved to other parts of world while others did not. Relocation was not the sole determinant of the success or failure of firms and industries. Indeed some were able to reinvent themselves at their original location and build new competitive advantages. The path that each industry or firm took varied. This book argues that the specific characteristics of each industry defined the conditions of competitiveness and provide a wide range of cases as illustrations. Aimed at scholars, researchers and acadmeics in the fields of business history, international business and related disciplines Industries and Global Competition exmaines the unique questions; How and why did the specificities of certain industries and firms determine their choice of location and competitiveness? Chapter 11 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.
Celebrated in the novels of Joseph Conrad and vintage films, tramp ships - the precursor of bulk carriers - are not well understood today. Yet, these vessels transported in bulk essential minerals and ores, grains, timber, and other commodities and played a vital role in creating the modern global economy. While the histories of some individual tramp firms have been written, this book uses personal correspondence and surviving company records to chart the development of the entire industry - the largest in the world- during a period of transformational technical change. Who were the bold, risk-takers who founded tramp firms? How did they mobilise the resources needed to enter this dynamic sector, build immense companies, and accumulate vast fortunes? Why did others fail? This study reveals how executives learned ‘the art’ of managing tramps and developed strategic networking skills. Tramp shipping resonates with many of today’s high-growth industries: it was an information intensive, high stress operation that required rapid - sometimes instinctive - decision-making within a turbulent market. Building business networks was supported by a distinctive culture that streamlined communication. This innovative study places information, knowledge, learning, culture, and communication at the centre of the analysis in order to transport readers into the minds of those fascinating entrepreneurs who helped build the modern world.
In British shipping in the Mediterranean Katerina Galani investigates the impact of the French and Napoleonic wars on British maritime economic activity. Due to the close cooperation of the public and private sector at sea, the British adopted flexible business strategies to mitigate economic warfare and sustain shipping and trade in the Mediterranean. The book offers a comprehensive approach by combining the study of international relations, ports, ships, business organisation, deep-sea voyages and intra-Mediterranean navigation. Katerina Galani conceptualises the Mediterranean as an economic entity and she insightfully examines, for the first time, free traders along with the chartered Levant Company. Her analysis draws upon a unique collection of British and Mediterranean sources to construct a multifaceted view of British maritime activity.
This book compiles seven essays concerning changes to merchant shipping over the hundred and fifty years between 1850 and 2000, and spanning a range of countries, with particular focus on Norway, Greece, Japan, and England. The essays are linked by the theme of change: from traditional to modern shipping; in fluctuating cargo demands; from sail to steam; wood to iron; in improvements in communication technologies; in political natures and affiliations; in seafaring skillsets; in the advent of containerisation and advent of globalisation. The overall aim is to construct a solid international context for the merchant shipping industry in the nineteenth and twentieth centuries - primarily to aid a major Norwegian deep-sea merchant marine project. The book contains an introduction that sets out these aims, and seven essays by maritime historians which form part of the international contextual whole, though all can be approached individually.
Published in 1997, this volume is a collection of seminal articles on a theme of central importance in the study of transport history, selected from the leading journal in the field. containing articles selected by a distinguished scholar, as well as an authoritative new introduction by the volume editor. The book will form an essential foundation to the study of the history of shipping.
First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.
A TRAGIC SHIPPING ACCIDENT OPENS A WINDOW ON RACIALIZED LABOUR MANAGEMENT IN AN AGE OF IMPERIALISM When eighty-seven passengers and crew died in the shipwreck of the Royal Mail ship Egypt in 1922, the accident gave rise to a racist international press campaign against the employment of Indian seafarers, such as those who made up most of the ship’s crew. This was not unusual at a time when a fifth of the British mercantile marine’s workforce was recruited from the subcontinent. Ravi Ahuja explains the business logic behind a labour regime steeped in racist irrationalism and examines the scope for solidarity among a divided workforce in an age of imperialism – an issue that is no less relevant in our own time.
This book provides a comprehensive introduction to the economics of the business of maritime transport. It provides an economic explanation of four aspects of maritime transport, namely, the demand, the supply, the market and the strategy. The book first explains why seaborne trade happens and what its development trends are; it then analyses the main features of shipping supply and how various shipping markets function; the book finally addresses the critical strategic issues of the shipping business. The full range of different types of shipping are covered throughout the chapters and cases. The book combines the basic principles of maritime transport with the modern shipping business and the latest technological developments, particularly in the area of digital disruption. The ideas and explanations are supported and evidenced by practical examples and more than 160 tables and figures. The questions posed by the book are similar to those that would be asked by the students in their learning process or the professionals in the business environment, with the answers concentrating on the reasons for what has happened and will happen in the future rather than merely fact-telling or any specific forecast. The book is most suited for students of shipping-related disciplines, and is also a valuable reference for maritime professionals.
The Routledge Companion to the Makers of Global Business draws together a wide array of state-of-the-art research on multinational enterprises. The volume aims to deepen our historical understanding of how firms and entrepreneurs contributed to transformative processes of globalization. This book explores how global business facilitated the mechanisms of cross-border interactions that affected individuals, organizations, industries, national economies and international relations. The 37 chapters span the Middle Ages to the present day, analyzing the emergence of institutions and actors alongside key contextual factors for global business development. Contributors examine business as a central actor in globalization, covering myriad entrepreneurs, organizational forms and key industrial sectors. Taking a historical view, the chapters highlight the intertwined and evolving nature of economic, political, social, technological and environmental patterns and relationships. They explore dynamic change as well as lasting continuities, both of which often only become visible – and can only be fully understood – when analyzed in the long run. With dedicated chapters on challenges such as political risk, sustainability and economic growth, this prestigious collection provides a one-stop shop for a key business discipline. Chapter 31 of this book is freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.