Abstract
In 1973 Ocean Transport & Trading was still massively a marine-based enterprise. The fleet of 88 deep-sea ships still included 30 conventional liners belonging to the Blue Funnel fleets, as well as Glen and Elder Dempster ships, container ships, oil-tankers, bulk carriers, ore-carriers, chemical carriers, an ore-oil carrier, and offshore supply ships. Shipping then accounted for nearly half of total turnover, and 85 per cent of total profits. Still in 1976 some two-thirds of trading profits were derived from shipping, and the Board’s plans envisaged that the share would not be much lower into the 1980s. Yet by 1986 shipping and marine services accounted for less than one-quarter of group turnover.
The sale of OCL was the most difficult of all the decisions I had to take as Chairman — it was like selling the Company’s traditions.
(W. N. Menzies-Wilson)
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© 1990 Nestor Custodians Limited
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Falkus, M. (1990). Epilogue. In: The Blue Funnel Legend. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11476-4_15
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DOI: https://doi.org/10.1007/978-1-349-11476-4_15
Publisher Name: Palgrave Macmillan, London
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