The London whaling trade
|Early Arctic whaling|
Origins of European whaling
Commercial whale fishing began with the hunting of whales in the Bay of Biscay by Basque fishermen during the Middle Ages. Because the hunters were so efficient, there was soon a shortage of whales in that area.
By the beginning of the 17th century new fisheries were being sought in the Arctic by the English and the Dutch, exploiting new geographical discoveries in the north. The English whalers were working on behalf of the Muscovy Company. This was an early joint stock enterprise that had added Arctic whaling to its original objective of trade with Russia.
Rivalry from home and abroad
There was a period of violent rivalry between the English and the Dutch in the archipelago of Spitsbergen. This ended with the Dutch emerging as the dominant European whaling nation by the middle of the 17th century.
Decline of British Arctic whaling
By the end of the century, English whaling was in decline and the Dutch had moved their operations to Greenland.
They changed their techniques from bay whaling to ice whaling.
The last attempt by the London joint stock companies to break into Arctic whaling was an expensive and ultimately unsuccessful venture by the South Sea Company during the 1720s and early 1730s.
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