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Full Description
Winner of the Canadian Nautical Research Society's Keith Matthews Award for Best Book, 2024
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.
Contents
Foreword
Part I: The Context
Chapter 1. Introduction
Chapter 2. "Soundings", 1870-1914
Chapter 3. "Survey", 1870-1914
Chapter 4. Passages I: "Learning the Ropes" - Mastering "The Difficult Art" of Tramp Ship Management
Part II: Spring Tide
Part II: Introduction - Entry and Initial Enterprise Formation
Chapter 5. "Launching": A Survey of New Entrants
Chapter 6. Trials I: "Currents"
Chapter 7. Trials II: "Undercurrents"
Chapter 8. Passages II: The Language of the Tramp Operator
Chapter 9. Passages III: "Into Deep Waters" - Training New Managers to Develop Skills
Chapter 10. Bearings: "Home Port" - Early Steam Tramp Owner Networks in West Hartlepool, 1878-83
Part II: Conclusion
Part III: Flood Tide
Part III: Introduction - Navigating Networks - Early Firm Development
Chapter 11. Tramp Owner-Shipbuilder Relations
Chapter 12. Relations between Tramp Owners and Active Members of their Network Cores - Input and Service Suppliers
Chapter 13. Ancillary Members in the Active Core of Tramp Owners' Networks
Chapter 14. Non-Active Network Members
Part III: Conclusion
Chapter 15. Voyage's End
Ballast 1: Maritime Statistics, 1870-1914
Ballast 2: Developments in Communication Technology
Ballast 3: The Suez Canal
Ballast 4: Business Ashore 1: Charters and Chartering
Ballast 5: Business Ashore 2: Port Processes
Ballast 6: Shipbuilding Order Patterns
Bibliography
Index
