Decline of Pacific Steam Navigation Company
While the PSNC' dominated the region for decades, other companies began strengthening their own positions in the Pacific, often in collaboration with the PSNC. Financial pressures and competition from other shipping lines eventually led the PSNC first to merge with other lines, and eventually to be absorbed into one of them.
The PSNC and Orient Line joined hands in 1877 to begin routes to Australia; this arrangement lasted till 1905, after which PSNC sold their Australian routes to the Royal Mail Steam Packet Company (RMSPC). By 1910, PSNC was operating separately but under RMSPC and ships were shared between the two companies. Finally, in 1965, Furness Withy gained ownership over the RMSPC/PSNC group. The name Pacific Steam Navigation Company merged into Furness Withy Shipping by 1984. For more information, see here.
References:
"The Royal Mail Steam Packet Co." by Charles Dixon and Kenneth Shoesmith, 1837. Retrieved from https://kihm2.wordpress.com/2011/04/30/the-royal-mail-steam-packet-company. All rights reserved. Accessed June 07, 2021.
"The Royal Mail Steam Packet Company Twin Screw Araguaya 10537 Tons" by Charles Dixon and Kenneth Shoesmith, 1837. Retrieved from https://kihm2.wordpress.com/2011/04/30/the-royal-mail-steam-packet-company. All rights reserved. Accessed June 07, 2021.
"R.M.S. Monarch of Bermuda" from Furness, Withy & Co., 1931-1947. Retrieved from http://www.simplonpc.co.uk/FurnessWithy.html. All rights reserved. Accessed June 04, 2021.
"Furness Line, Bermuda-New York Boat," from Furness, Withy & Co., n.d. Retrieved from http://www.simplonpc.co.uk/FurnessWithy.html. All rights reserved. Accessed June 04, 2021.