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Norwegian Shipping in the 20th Century - Norway's Successful Navigation of the World's Most Global Industry (Hardcover, 1st ed. 2019)
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Norwegian Shipping in the 20th Century - Norway's Successful Navigation of the World's Most Global Industry (Hardcover, 1st ed. 2019)
Series: Palgrave Studies in Maritime Economics
Expected to ship within 12 - 17 working days
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This book is open access under a CC BY NC ND 4.0 license. This book
belongs to the Maritime Business and Economic History strand of the
Palgrave Studies in Maritime Economics book series. This open
access book discusses how Norwegian shipping companies played a
crucial role in global shipping markets in the 20th century, at
times transporting more than ten per cent of world seaborne trade.
Chapters explore how Norway managed to remain competitive, despite
being a high labour-cost country in an industry with global
competition. Among the features that are emphasised are market
developments, business strategies and political decisions The
Norwegian experience was shaped by the main breaking points in 20th
century world history, such as the two world wars, and by long-term
trends, such as globalization and liberalization. The shipping
companies introduced technological and organizational innovations
to build or maintain a competitive advantage in a rapidly changing
world. The growing importance of offshore petroleum exploration in
the North Sea from the 1970s was both a threat and an opportunity
to the shipping companies. By adapting both business strategies and
the political regime to the new circumstances, the Norwegian
shipping sector managed to maintain a leading position
internationally.
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