Weightman, Gavin. The Frozen-Water Trade. New York: Hyperion, 2003. ISBN 0-7868-8640-4.
Those who scoff at the prospect of mining lunar Helium-3 as fuel for Earth-based fusion power plants might ponder the fact that, starting in 1833, British colonists in India beat the sweltering heat of the subcontinent with a steady, year-round supply of ice cut in the winter from ponds and rivers in Massachusetts and Maine and shipped in the holds of wooden sailing ships—a voyage of some 25,000 kilometres and 130 days. In 1870 alone, 17,000 tons of ice were imported by India in ships sailing from Boston. Frederic Tudor, who first conceived the idea of shipping winter ice, previously considered worthless, to the tropics, was essentially single-handedly responsible for ice and refrigeration becoming a fixture of daily life in Western communities around the world. Tudor found fortune and fame in creating an industry based on commodity which beforehand simply melted away every spring. No technological breakthrough was required or responsible—this is a classic case of creating a market by filling a need of which customers were previously unaware. In the process, Tudor suffered just about every adversity one can imagine and never gave up, an excellent illustration that the one essential ingredient of entrepreneurial success is the ability to “take a whacking and keep on hacking”.

April 2004 Permalink