In this development shipping lines are the vital factors. Individual
ships are merely pawns on a world-wide chessboard. A single ship can
do nothing in the complex structure of modern commerce. Lines must
maintain regular service. They must maintain home and foreign offices.
They must know where cargoes are to be had and where they are to go.
They must have armies of agents and brokers constantly in touch with
them. Their ships must be able to voyage and return, voyage and return
again, always filled, never idle, never at a loss for cargoes, else
their costly structures will crumble, their finances wane, and they
will find themselves faced with bankruptcy, disruption, reorganization
or destruction.
Because of world economics shipping lines find it possible to develop
or find themselves broken. Because the margin between success and
failure is usually a narrow one shipping lines find it essential to
seize upon every development that increases efficiency and decreases
cost. Simple steam engines became compound, because shipping lines
had to operate their ships with a smaller outlay for fuel in order to
compete with sail. Iron gave way to steel, because greater strength was
thus secured with less weight. The turbine has made its way against
the reciprocating engine because of its increased efficiency and its
consequent saving in expense. Oil is being more and more widely burned
instead of coal, because its efficiency makes it cheaper through the
use of fewer men, through increased steaming ability and less weight,
as well as its cleanliness (on passenger ships) and the reduction in
time used in coaling.
Public-domain text, read in full here on John Shaqi.
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