 In 1845–1847, the barque Hercules was the first Finnish ship to circumnavigate the earth.The Crimean War was a major setback to the business, as the British and French naval operations in the Baltic Sea made it virtually impossible to conduct trade (Finland was at the time an autonomous part of the Russian empire, and thus also a target of the British-French fleet during the war).Peter Malm founded a steam powered saw mill on the small island of Stockholmen outside Jakobstad in 1854, which was only the second such installation in Finland.