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Bigger and Bigger: Shipping During the Golden Age, 1950–73

In: Norwegian Shipping in the 20th Century

Author

Listed:
  • Stig Tenold

    (NHH – Norwegian School of Economics)

Abstract

Due to the strong growth of trade and production during the Golden Age, the shipping industry emerged as a winner. The world fleet increased rapidly, with larger and more specialized ships, and the post-war growth of Norwegian shipping was particularly strong. Tenold analyses three technological revolutions in shipping in the period 1950–1973: containerization, bulkification and specialization. With domestic wage levels increasing, Norwegian shipping companies chose to invest in capital intensive ships—large tankers and bulk carriers and innovative specialized vessels. The chapter also discusses the sources of capital for Norwegian shipping, and the effects of Norwegian maritime policy.

Suggested Citation

  • Stig Tenold, 2019. "Bigger and Bigger: Shipping During the Golden Age, 1950–73," Palgrave Studies in Maritime Economics, in: Norwegian Shipping in the 20th Century, chapter 6, pages 159-194, Palgrave Macmillan.
  • Handle: RePEc:pal:psmchp:978-3-319-95639-8_6
    DOI: 10.1007/978-3-319-95639-8_6
    as

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