History

A goal of the insurance company was it to supply dealers and ship carriers with current information about different markets and the maritime trade in Europe and Asia. The enterprise from a network of different Handelskorrespondenten and newspapers, which reached regularly the port of Triest, attained the information.

The information flow for the insurance company could be improved and the exclusive right to use of the information be ensured by its own fleet. When the enterprise replaced sailing boats starting from 1836 its by faster steam ships, in order information to keep still faster, it was engaged to take over the Postverkehr to lake for completely Austria Hungary.

In order to make a better information supply possible, the Austrian Lloyd introduced the division shipping, which became rapid the core business of the enterprise on 2 August 1836. Therefore this date is considered also as a year of the foundation of the enterprise. The first ship of the society appearing now as shipping company was "„the Arciduca Ludovico "“, which was purchased from England.

For the time being the navigation company was operated together with Hungary as Austrian-Hungarian Lloyd. Because of to high transport costs became Hamburg shipping companies even for the Mediterranean navigation a so large competition that the Austrian-Hungarian Lloyd wrote in the years 1889 and 1890 losses at a value of 440.000, and/or 60,000 guldens. When Austria increased therefore the subsidization, Hungary stepped out of the society, and supplied its past financial contribution in the future to the Hungarian navigation company "„Adria "“, which worked already profitable.

Business activity

Lloyd Austriaco directed its activity in particular toward the Orient and operated first the transportations of passengers and freight between the Mediterranean area and the Orient. The 1836 furnished steam ship section already registered in this first year 79 journeys with altogether 7,967 passengers. The first sea lanes after Konstantinopel were already taken up 1837. The Lloyd ships drove also into the Levante, to Greece and Egypt. After 1869 the Suez channel was opened, also goals were headed for such as Bombay, Colombo, Singapore, Hong Kong (starting from 1881), Shanghai (starting from 1881), Nagasaki (starting from 1892) and Yokohama (starting from 1892). Llyod Austriaco developed to one of the largest navigation companies of the world.

With outbreak of war 1914 the fleet counted 62 ships. Those, which were in overseas on the way, looked for protection in neutral ports. Numerous ships became of k.u.k. Army also for troop and supplying transportation rented, and received thereby the protection k.u.k. War navy. Many ships were lost nevertheless in expression fields or through hostile bombardment. After end of war the remaining ship existence changed into Italian possession. From the Austrian Lloyd 1921 became the Lloyd Triestino.

Articles in category "Austrian Lloyd"

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