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Romania's Merchant Fleet Historical and Evolution

Author

Listed:
  • Constantin Georgescu
  • Monica Tudor Georgescu

Abstract

Shipping and merchant fleet were for many years one of the key industries of our country. Before 1989, Romania’s fleet was ranked of British analysts 4th in Europe and 11th in the world, this state and the country flag flying on board of more than 300 ships, brought Romania prestige and material benefits in the long term. Years following the change of political regime, witnessed a period of instability for most industries, and now the country's maritime industry keeps developing the shipbuilding segment. Domestic demand is non-existent, the share of exports of ships of Romania is 100%, so Romanian shipyards compete with Chinese Japan and South Korea exports.

Suggested Citation

  • Constantin Georgescu & Monica Tudor Georgescu, 2014. "Romania's Merchant Fleet Historical and Evolution," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(4), pages 167-170, December.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:4:p:167-170
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