It was considered desirable during the same year to register the Company as an Incorporated Company. The Registered Office of the Company was in Glasgow, but Mr. Alexander Elder and Mr. John Dempster conducted its operations in Liverpool.
With the six steamers the Company now possessed the sailings were increased to fortnightly.
In 1874 the sailings from Glasgow were abandoned, cargo to and from that port being transhipped at Liverpool.
As the trade expanded, additions were regularly made to the fleet, and in 1879 sailings between Hamburg and the West Coast of Africa were commenced. In 1883 the Company was registered as a limited company, at which time its fleet had increased to 20 steamers and 2 hulks with a gross registered tonnage of 30,753 tons.
The following year (1884) Mr. Elder and Mr. Dempster retired from the firm of Elder, Dempster & Co., which since 1879 had consisted of these gentlemen and Mr. (now Sir A. L.) Jones, and Mr. W. J. Davey. Messrs. Elder and Dempster, however, remained Managing Directors of the Company until 1900, Mr. Elder having for some years previous to this date occupied the position of Chairman.
In 1900 Messrs. Elder, Dempster & Co., purchased the entire business and assets of the British and African Steam Navigation Co., Limited, and with the addition of 9 large steamers, suitable for outside trades, formed a new company with a share capital of £1,000,000, and Debenture Stock of £800,000. The new company has a fleet of 35 steamers with a total gross registered tonnage of 107,000 tons.
While the bulk of its operations continue to be in connection with the West Coast of Africa, several of its steamers are employed in the North Atlantic and other trades.
The contrast between the first steamer, the Bonny, and the latest, the Burutu, built in 1902, will be seen by the following comparison of their respective dimensions:—
Bonny, length 261·0 feet, beam 30·2 feet, depth 23 feet. Gross 1,326 tons.
Burutu, length 360·0 feet, beam 44·2 feet, depth 26 feet. Gross 5,200 tons.