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TeachMeFinance.com - explain Steamship (or steamer) Steamship (or steamer) -- Vessels powered by steam engines. However, the term is often used to describe powered vessels in general, and companies who operate ocean going cargo vessels are often called "steamship companies" despite the fact that the use of steam power for ocean going vessels is obsolete, the modern standard being diesel engines fueled by oil. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.