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Rebound: The Return of Norwegian Shipping

In: Norwegian Shipping in the 20th Century

Author

Listed:
  • Stig Tenold

    (NHH – Norwegian School of Economics)

Abstract

The shipping crisis of the 1970s and 1980s almost eradicated Norwegian shipping. The 1987 establishment of the Norwegian International Ship Register was the brainchild of Erling Dekke Næss. The NIS enabled the use of foreign, low-cost seamen on Norwegian ships trading internationally, and can be characterized as “the kiss of life” for Norwegian shipping. The timing was perfect—around the same time the shipping markets improved, and this paved the way for massive new investment. Tenold shows that parallel with the resurgence in traditional deep-sea shipping, there was substantial investment made in offshore petroleum exploration by Norwegian shipping companies.

Suggested Citation

  • Stig Tenold, 2019. "Rebound: The Return of Norwegian Shipping," Palgrave Studies in Maritime Economics, in: Norwegian Shipping in the 20th Century, chapter 8, pages 231-257, Palgrave Macmillan.
    • Handle: RePEc:pal:psmchp:978-3-319-95639-8_8
    DOI: 10.1007/978-3-319-95639-8_8
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