Establishment of maritime shipping in the English East India company in the seventeenth century

The prerequisites to organization of maritime transport in the English East India Company (EIC) are studies in the article. It coves issues of constructing corporate shipyards and outsourcing shipbuilding and servicing of vessels, including ones on route to overseas lands. The problematics of collocation, substitution, and complementation of merchant and naval functions within the fleet are covered. This includes usage of ships by a private enterprise and separation of authority with the crown’s navy and private armies of transnational corporations (TNC). The purpose of the article is to find the motives of the English EIC to internalize maritime transport and to balance it with procuring such services from third parties. Therefore, it is necessary to reason business efficiency of financing one’s own fleet and its effects to international exchange of capital transported in physical form. The author uses methods of historic synchronism, dialectics, objectivism and cognitive analysis of historic documents; statements made by eye-witnesses of studies events have also been interpreted. The research has concluded that the English EIC’s fleet, which consisted of private docks and shipyards, had been an imperative to penetration into foreign markets and securing their business establishments. The English EIC was warring and competing with its rivaling TNCs from other European nations. The Company has monopolized the market of maritime transport and became capable of regulating the capital exchange between the home country and the colonies. This also included the conditions of monetary circulation and rendering of transport services to third parties through charter.