Shipping company

Definition and stakes

W. S. Lindsay,  History of Merchant Shipping and Ancient Commerce… (1874)

“ Although the fleet of this spirited undertaking is known as the Ocean Steam-ship Company, it is neither a public nor a limited company, the vessels [Pg 437] being owned in shares under the old law by a few individuals (like many others of a similar description in this country) , but chiefly by the managing owners, Mr. Alfred and his brother Mr. Philip H. Holt, whose thorough business habits have materially promoted the success of the company. ”
Source: Gutenberg

Albert Perry Brigham, Cleveland Abbe, David Hale Newland, Alvin Sydney Johnson, Theophilus F. Rodenbough, Lewis Sayre Van Duzer, Isaac J. Cox, James Wilford Garner, Harry A. Cushing, and others,  The New International Encyclopædia…

“ From 1894 to 1902 there was an increase from 200,000 tons to over 1,000,000 tons of foreign shipping in which American capital has held large interests. An American corporation has been established, which is the largest and most completely equipped steamship company, but only sixteen of its 136 steamers are entitled to the American flag. In the formation of this company—the International Mercantile Marine Company—the following companies were purchased:
Shipping, Coastwise and Interior.
”
Source: Wikisource

Douglas Owen,  1911 Encyclopædia Britannica (1911)

“ In England certain of these societies, notably the company of Russian merchants, the Turkey merchants and, for long, the East India Company, occupied positions of influence and importance, the last-named company especially becoming possessed of much shipping, including large vessels, well armed, for prize-making or defence. The needs of trade and shipping were for long but little understood and often arbitrarily obstructed, but as a broad general principle it was recognized by the crown that the national trading interests required for their protection special privileges and concessions. ”
Source: Wikisource

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