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Vulcan (Turku Shipyard)
Aktiebolaget Vulcan was an engineering works and shipbuilding company that operated in Turku, Finland between 1898 and 1924. The company was founded by local businessmen, who bought the production facilities from previously ceased Åbo Mekaniska Verkstads Ab. The company produced ships, engines, pumps and other engineering products. Vulcan had a facility also in Saint Petersburg, where it produced military supplies for the Imperial Russian Army. The company struggled due to losses caused by the Russian Revolution and declined orders. The company manager Allan Staffans joined Vulcan with its competitor Ab Crichton, creating Crichton-Vulcan shipyard. Background Vulcan originated from 1874 established Åbo Mekaniska Verkstads Ab, which was located on east bank of Aura River. The founder was Carl Korsman and the 400 000 marks' share capital was primarily funded by C.M Dahlström's trading house and alderman Gustaf Wikeström. The company's main products were ships, ...
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Osakeyhtiö
''Osakeyhtiö'' (; " stock company"), often abbreviated to Oy (), is the term for a Finnish limited company (e.g., Ltd, LLC, or GmbH). The Swedish-language term is '' aktiebolag'', often abbreviated (in Finland) to Ab. The Swedish abbreviation is sometimes included, as in ''Ab Company Oy'', ''Oy Company Ab'', or ''Company Oy Ab''. The abbreviations have been styled in many ways, such as ''Oy'', ''OY'', ''O.Y.'', or even ''O/Y''. The English form is ''Ltd.'' ''Julkinen osakeyhtiö'' ''Julkinen osakeyhtiö'' (pl. ''julkiset osakeyhtiöt'') means "public stock company" and is abbreviated to oyj (). A ''julkinen osakeyhtiö'' can be listed on the Helsinki Stock Exchange. The term's Swedish equivalent is ''Abp'' (''publikt aktiebolag''). An oyj may be called a public limited company or public company in English and may use the abbreviation PLC or the term corporation in the company's English name, for example Remedy Entertainment Plc, Kone Corporation and Nokia Corporation. Re ...
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Russian Revolution
The Russian Revolution was a period of Political revolution (Trotskyism), political and social revolution that took place in the former Russian Empire which began during the First World War. This period saw Russia abolish its monarchy and adopt a socialist form of government following two successive revolutions and a bloody civil war. The Russian Revolution can also be seen as the precursor for the other European revolutions that occurred during or in the aftermath of WWI, such as the German Revolution of 1918–1919, German Revolution of 1918. The Russian Revolution was inaugurated with the February Revolution in 1917. This first revolt focused in and around the then-capital Petrograd (now Saint Petersburg). After major military losses during the war, the Russian Army had begun to mutiny. Army leaders and high ranking officials were convinced that if Nicholas II of Russia, Tsar Nicholas II abdicated, the domestic unrest would subside. Nicholas agreed and stepped down, usher ...
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Sailboat
A sailboat or sailing boat is a boat propelled partly or entirely by sails and is smaller than a sailing ship. Distinctions in what constitutes a sailing boat and ship vary by region and maritime culture. Types Although sailboat terminology has varied across history, many terms have specific meanings in the context of modern yachting. A great number of sailboat-types may be distinguished by size, hull configuration, keel type, purpose, number and configuration of masts, and sail plan. Popular monohull designs include: Cutter The cutter is similar to a sloop with a single mast and mainsail, but generally carries the mast further aft to allow for a jib and staysail to be attached to the head stay and inner forestay, respectively. Once a common racing configuration, today it gives versatility to cruising boats, especially in allowing a small staysail to be flown from the inner stay in high winds. Catboat A catboat has a single mast mounted far forward and does not carr ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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Slipway
A slipway, also known as boat ramp or launch or boat deployer, is a ramp on the shore by which ships or boats can be moved to and from the water. They are used for building and repairing ships and boats, and for launching and retrieving small boats on trailers towed by automobiles and flying boats on their undercarriage. The nautical terms ways and skids are alternative names for slipway. A ship undergoing construction in a shipyard is said to be ''on the ways''. If a ship is scrapped there, she is said to be ''broken up in the ways''. As the word "slip" implies, the ships or boats are moved over the ramp, by way of crane or fork lift. Prior to the move the vessel's hull is coated with grease, which then allows the ship or boat to "slip" off of the ramp and progress safely into the water. Slipways are used to launch (newly built) large ships, but can only dry-dock or repair smaller ships. Pulling large ships against the greased ramp would require too much force. Therefor ...
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Foundry
A foundry is a factory that produces metal castings. Metals are cast into shapes by melting them into a liquid, pouring the metal into a mold, and removing the mold material after the metal has solidified as it cools. The most common metals processed are aluminum and cast iron. However, other metals, such as bronze, brass, steel, magnesium, and zinc, are also used to produce castings in foundries. In this process, parts of desired shapes and sizes can be formed. Foundries are one of the largest contributors to the manufacturing recycling movement, melting and recasting millions of tons of scrap metal every year to create new durable goods. Moreover, many foundries use sand in their molding process. These foundries often use, recondition, and reuse sand, which is another form of recycling. Process In metalworking, casting involves pouring liquid metal into a mold, which contains a hollow cavity of the desired shape, and then allowing it to cool and solidify. The solidified pa ...
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Ship Repair
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. History Pre-history The earliest known depictions (including paintings and models) of shallow-water sailing boats is from the 6th to 5th millennium BC of the Ubaid period of Mesopotamia. They were made from bundled reeds coated in bitumen and had bipod masts. They sailed in shallow coastal waters of the Persian Gulf. 4th millennium BC Ancient Egypt Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3100 BC. Egyptian potte ...
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Steam Boiler
Steam is a substance containing water in the gas phase, and sometimes also an aerosol of liquid water droplets, or air. This may occur due to evaporation or due to boiling, where heat is applied until water reaches the enthalpy of vaporization. Steam that is saturated or superheated is invisible; however, "steam" often refers to wet steam, the visible mist or aerosol of water droplets formed as water vapor condenses. Water increases in volume by 1,700 times at standard temperature and pressure; this change in volume can be converted into mechanical work by steam engines such as reciprocating piston type engines and steam turbines, which are a sub-group of steam engines. Piston type steam engines played a central role in the Industrial Revolution and modern steam turbines are used to generate more than 80% of the world's electricity. If liquid water comes in contact with a very hot surface or depressurizes quickly below its vapor pressure, it can create a steam explosion. Type ...
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Steam Engine
A steam engine is a heat engine that performs mechanical work using steam as its working fluid. The steam engine uses the force produced by steam pressure to push a piston back and forth inside a cylinder. This pushing force can be transformed, by a connecting rod and crank, into rotational force for work. The term "steam engine" is generally applied only to reciprocating engines as just described, not to the steam turbine. Steam engines are external combustion engines, where the working fluid is separated from the combustion products. The ideal thermodynamic cycle used to analyze this process is called the Rankine cycle. In general usage, the term ''steam engine'' can refer to either complete steam plants (including boilers etc.), such as railway steam locomotives and portable engines, or may refer to the piston or turbine machinery alone, as in the beam engine and stationary steam engine. Although steam-driven devices were known as early as the aeolipile in the f ...
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Carl Magnus Dahlström
Carl Magnus Dahlström (25 November 1805 – 23 February 1875) was a Finnish merchant, businessman and Commercial Counsellor. After gaining trading experience in Loviisa, Dahlström moved to Turku to work for Abraham Kingelin's trading house. He started his own trading house two years after and focused on retail in Baltic Sea area. Dahlström's trading house grew substantially after taking over Kingelin's businesses. Dahlström invested on steam shipping and became one of the most significant shipowners of the city. Since the 1850s Dahlström invested increasingly on domestic industry. He was founding owner of Aura Sugar Mill, Turku Engineering Works, Kymi Paper Mill and Akaa Steam Sawmill. Dahlström took part in the local politics and represented Turku bourgeoisie in Diet of Finland 1863–1864. Dahlström's sone Ernst and Magnus continued their father's businesses and became notable philanthropists in Turku. Early years Dahlström was born in Loviisa, Uusimaa Provin ...
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