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Introduction

Published online by Cambridge University Press:  05 November 2014

Tim Carter
Affiliation:
Recently retired as the Chief Medical Adviser to the UK Maritime and Coastguard Agency
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Summary

The maritime industry differs in many ways from onshore sectors of industry. It was the first truly global enterprise, crossing national boundaries as soon as nations were invented, and encircling the world for the last 500 years. It was the first industry to create and develop many of the methods for the financial management of business risks that are now in widespread use, for instance shared ownership of ships, with profits allocated in proportion to the share owned, and insurance for ships and cargoes as a risk-sharing device. The complex of trade, financial services, logistics and subject expertise that is now a feature of all developed economies originated in port cities. At an early stage the shipping industry gained experience of both the opportunities and abuses that can stem from every aspect of this business complex. Shipping was closely linked with the state throughout the era of European expansion around the world, which was marked, for much of the time, by a British domination of international maritime trade, with the force projected by a powerful navy ready to support it. Skilled crewmembers were seen as common to naval, merchant and fishing activities and in times of war were forcibly impressed for service with the Navy, while merchant ships were taken up from trade in many wars to meet the logistic requirements of the military.

Type
Chapter
Information
Merchant Seamen's Health, 1860–1960
Medicine, Technology, Shipowners and the State in Britain
, pp. 1 - 8
Publisher: Boydell & Brewer
Print publication year: 2014

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  • Introduction
  • Tim Carter, Recently retired as the Chief Medical Adviser to the UK Maritime and Coastguard Agency
  • Book: Merchant Seamen's Health, 1860–1960
  • Online publication: 05 November 2014
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  • Introduction
  • Tim Carter, Recently retired as the Chief Medical Adviser to the UK Maritime and Coastguard Agency
  • Book: Merchant Seamen's Health, 1860–1960
  • Online publication: 05 November 2014
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Tim Carter, Recently retired as the Chief Medical Adviser to the UK Maritime and Coastguard Agency
  • Book: Merchant Seamen's Health, 1860–1960
  • Online publication: 05 November 2014
Available formats
×