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Crisis? What Crisis? Norwegian Shipping in the Interwar Period

In: Norwegian Shipping in the 20th Century

Author

Listed:
  • Stig Tenold

    (NHH – Norwegian School of Economics)

Abstract

Interwar shipping was a watershed, and Norwegian shipping companies went from laggards to leaders. The strength of the two leading maritime powers—the UK and the United States—was greatly reduced. Other countries—Germany, Greece, Norway and Japan—prospered during what was generally a very difficult period for the shipping industry. Tenold explains why Norwegian shipping performed particularly well. He shows that the Norwegian expansion was based on profitable investments in oil tankers and motor ships, partly financed by yard credits from abroad. By 1939 Norway had the world’s most modern fleet.

Suggested Citation

  • Stig Tenold, 2019. "Crisis? What Crisis? Norwegian Shipping in the Interwar Period," Palgrave Studies in Maritime Economics, in: Norwegian Shipping in the 20th Century, chapter 4, pages 91-131, Palgrave Macmillan.
    • Handle: RePEc:pal:psmchp:978-3-319-95639-8_4
    DOI: 10.1007/978-3-319-95639-8_4
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