By Rene De La Pedraja
A greatest authority has written the 1st finished reference in regards to the U.S. service provider Marine and American delivery from the creation of steamships to state-of-the-art diesel containerships--showing the influence of politics, economics, and know-how on maritime background over the last centuries. Over 500 entries describe humans, inner most businesses, enterprise and hard work teams, engineering and technological advancements, govt organizations, phrases, key legislation, landmark situations, concerns, occasions, and ships of observe. brief lists of references for additional interpreting accompany those entries. Appendices contain a chronology, diagrams of presidency organisations, and lists of industrial and exertions teams by way of founding dates. An strangely broad index lends itself to the various study pursuits of scholars, lecturers, and pros in maritime and fiscal heritage, business-labor-government family members, and armed forces studies.
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Extra info for A Historical Dictionary of the U.S. Merchant Marine and Shipping Industry: Since the Introduction of Steam
The decisive catalyst for change came, however, when she married C. Michael Paul in January 1959, and the next month she assumed the chairmanship of the Board of Directors, the first and last woman ever to occupy such a high executive position in a steamship company. Her major decision was the purchase of the passenger liner A tlantic at a giveaway price from the bankrupt American Banner Line* in November 1959. From early in their marriage the Pauls had decided to dispose of AEL, and after playing one bidder against another, on 3 October 1960 she sold her stock to Jakob Isbrandtsen,* who was desperate to qualify for subsidies to keep his father's steamship empire alive.
Maritime Commission* had transformed the Dollar Line into the American President Lines* (APL), and from the viewpoint of coordinated services for the Pacific Coast, the logic for one single owner was overwhelming. However, the Dollar family refused to give up its stock in the AML, while Seattle groups had coalesced to create the Pacific Northwest Oriental Line, whose main goal was to regain local control by buying the ships of the bankrupt AML. Finally, as a compromise solution, tobacco magnate and former sailor Richard J.
The sale at a huge loss of the laid-up passenger liners, Atlantic, Constitution, and Independence, brought in little cash, unlike the sale of five tankers, which did bring in money but deprived the company of sure income earners and even worse of the opportunity to profit from the onset of the energy crisis in 1973. The sale of the Staten Island marine terminal to the city of New York in March 1974 brought in over $47 million and appeared to have bailed out AEL, whose containerships at last started to earn profits.