Merchant Navy - Swiss Merchant Marine

Swiss Merchant Marine

For more details on this topic, see Merchant Marine of Switzerland.

Switzerland, despite being a landlocked country, has a civilian high seas fleet of merchant vessels, whose home port is Basel, on the Rhine. The first ships were purchased and operated by the government in order to ensure the supply of critical resources during World War II. After the war, a privately owned merchant fleet emerged, spurred in part by government subsidies that paid for the fleet's operation up until 1953. As of 2006, 26 ships (mostly container carriers) totalling 479,624 tons, operated by five shipping companies, fly the Swiss flag.

Read more about this topic:  Merchant Navy

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    William Howard Taft (1857–1930)

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    Borden Chase [Frank Fowler] (1900–1971)

    Again, the kingdom of heaven is like a merchant in search of fine pearls; on finding one pearl of great value, he went and sold all that he had and bought it.
    Bible: New Testament, Matthew 13:45,46.

    People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.
    William Howard Taft (1857–1930)