BIG SHIPPING PROFITS.
« v THE HAMBURG-AMERICA LINE. By T«leeraph—Press Association—Copyright. Berlin, January 29. The gross, profits of tlio HamburgAmerica Shipping Company for 1910 amounted to hvo millions sterling. A dividend of eight per cent, has been declared.
The Hamburg-American Lino in point of carrying capacity owns the "largest fleet in the world, with the exception of the International Mercantile . Marine Co. (Morgan combine). The. packet, company began its Trans-Atlaritid service in 1847 with sailing-ships. The s.s. Borussia, 2026 tons, appearing in 18S5, was followed by other steamers. In 1888 the company dccided upon twin screws, and the Columbia, Noumania, etc., successively joined the ever-swelling fleet. The Deutschland (16,502 tons, built at Stettin in 1900) held for some years the 'record for ocean steaming, with an average speed on a homeward voyage ■of 23.51 knots. Soma of the company's largest and bestequipped Trans-Atlantic steamers are the new leviathans, Amerika 22,622 tons, Kaiserin Auguste Victoria 24,581 tons, President Lincoln 18,074 tons. A steamer, of 50,000 tons is now being built for tlio company. Winter ' and summer cruises •are conducted by the specially-designed twin-screw- steamers. Oceana (7859 tons) and Moteor (3G13 tons). The fleet consists of 168 steamers, representing a tonnage of 934,426 tons, and 217'titer steamers, lighters, etc., representing a tonnage of 44,791 tons.'
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Bibliographic details
Dominion, Volume 4, Issue 1039, 31 January 1911, Page 5
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212BIG SHIPPING PROFITS. Dominion, Volume 4, Issue 1039, 31 January 1911, Page 5
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