The Emperor doesn't favor armed merchants.

In 1605, armed Dutch merchants captured the Portuguese fort at Amboyna in the Moluccas, which was developed into the first secure base of the company.

She also fired a torpedo at the badly damaged armed merchant cruiser Ural that sank the Russian ship.

The General Sherman, a American-owned armed merchant marine sidewheel schooner, attempted to open Korea to trade in 1866.

The General Sherman incident was the destruction of an armed merchant marine side-wheel steamer that visited Korea in 1866.

The Marauders are small raiders and pirates who plunder in a small scale, and are usually nothing to worry about to well armed merchants.

Konung David (32, armed merchant)

Dance compounded the deception by taking his lightly armed merchants and chasing the French away, despite the considerable disparity of force.

One of the largest ships that was captured was a 600 ton armed merchant which the English renamed the New Years Gift.

We've had reports of a rash of merchant losses in this sector over the last few months, and Intelligence has decided someone's using an armed merchant raider.