The story
Founded by Ferdinand I of Portugal in 1380.1
Private company
Portuguese institution that served as an insurance company for Portuguese vessels based in Lisbon1
The Companhia das Naus (in English, Company of the Carracks) was a Portuguese institution founded in 1380 by King Ferdinand I. It functioned as a kind of insurance company, providing owners of Portuguese vessels with some security in case of accident and thereby fostering the development of the Portuguese navy. All vessels weighing more than fifty casks were compulsorily registered, paying a percentage of the profits of each chartered cargo which was added to the common funds.2 It was founded by Ferdinand I of Portugal.1 Wikipedia text CC BY-SA 4.0
Last updated Oct 21, 2026.
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The Companhia das Naus (in English, Company of the Carracks) was a Portuguese institution founded in 1380 by King Ferdinand I. It functioned as a kind of insurance company, providing owners of Portuguese vessels with some security in case of accident and thereby fostering the development of the Portuguese navy.2
Founded by Ferdinand I of Portugal in 1380.1
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