Apcar and Company was a firm founded in 1819 in India that engaged in shipping, import and export. The most profitable trade was in opium, shipped from India to Hong Kong and the Pearl River. The Apcar Line also carried Indian and Chinese laborers for work in Malaya and Singapore. The line was sold to the British India Steam Navigation Company in 1912.
Origins
Arratoon Apcar was an ethnic Armenian born in 1779 at New Julfa in Isfahan, Persia. He was the second son of Apcar, the ancestor of the family. He came to Bombay when he was sixteen and found employment with an Armenian merchant there, trading with China and Manila. After his patron died, he continued in this trade in his own right. His brother Gregory Apcar came to India in 1808 and joined Arratoon in Bombay. The trading company of Apcar & Co. was founded in 1819 by Arratoon Apcar.
Growth
Arratoon Apcar moved his company to Calcutta around the end of 1830. In Calcutta the company moved into shipping, carrying both passengers and freight. The most profitable cargo was opium. Until P&O began shipping opium from Calcutta in 1851, the trade was divided between Jardine, Skinner and the Apcar Line. Even then, P&O had limited shipping capacity. While Jardines carried opium for the larger suppliers, the Apcars with their Arratoon Apcar and Catherine Apcar sailing boats catered to many smaller local dealers. With slower boats, they charged much lower rates than Jardine Skinner, ranging from Rs8 to Rs10 per chest compared to upward of Rs28 per chest charged by Jardine Skinner. However, the Apcars may have had private arrangements with the dealers that locked them into using Apcar services.
The Apcar Line's fleet became well-respected, efficiently carrying both cargo and Chinese coolies, mostly between Singapore, Hong Kong and Amoy, but also making regular voyages to Japan. From 1855 Apcar & Co. started to convert their fleet to steam. The Apcar Line was providing regular service to Singapore from 1856. The Apcar clippers dominated the opium trade until the 1870s, carrying their cargoes from Bombay or Calcutta, with a stop in Singapore, on to Hong Kong or the Canton River. 43 voyages of opium ships to China were listed in 1865, of which 17 were Apcar ships. The Apcars and Jardine Skinner exported opium to Singapore for use by the Chinese in the Malay Peninsula or for distribution to other locations in southeast Asia. Eventually the Apcars were forced out of the Dutch East Indies by protectionist measures. Between 1875 and 1880 Captain Chapman James Clare (1853-1940) served on Apcar & Co. opium steamers trading between Hong Kong and Calcutta.
In the 1880s the Apcar Line was sailing monthly from Calcutta to Hong Kong via Penang and Singapore. On 22 May 1888 the steamship Arratoon Apcar collided with the steamship Hebe in the Strait of Malacca, with both ships suffering considerable damage. Both vessels were held to have been at fault. In 1901 the firm of David Sassoon, Sons & Co. were still the agents in Hong Kong of the Apcar Line. They maintained this agency after the purchase of the Apcar Line by the British India Steam Navigation Company.
Family interests
In 1843 Arratoon Apcar founded the Armenian Patriotic School in his home town of New Julfa in Isfahan, Persia. The school was entirely funded by Apcar & Co. The Apcars also owned collieries. Sitarampur Colliery was opened by Apcar & Company around 1846. In 1865 Apcar was working a seam of coal deep near Charanpur. They had another mine at Sitarampur, a seam said to be deep and excellent in quality.
Gregory Apcar worked for Apcar & Co. until his death on 23 June 1847 at the age of 52. Arratoon Apcar died on 16 May 1863 at the age of 85. Apcar Alexander Apcar (1850-1913), grandson of Arratoon Apcar, became head of the family firm after the death of his three elder brothers, Apcar, Seth and Thomas. He continued the family trading business, living at their home in Russell Street, where he entertained many people. He was vice-president of the Bengal Chamber of Commerce in 1903, and its president from 1904 to 1907. He represented the Chamber of Commerce in the Viceregal Legislative Council from 1900 to 1909, in the Bengal Legislative Council and in the Port Trust. In 1903 he was made a Companion of the Order of the Star of India (C.S.I.), and later that year was knighted at a Royal Durbar in Delhi.
On 27 February 1912 Apcar & Co, ships, workshops and mines, were sold to the British-India Steam Navigation Company for Rs 800,000.