Exodus Explained: the Fate of Ships Sold from Norway, 1970–1987

By Stig Tenold, published August 2006

Abstract

From 1977 to 1987 the Norwegian merchant marine declined by almost 80 per cent by tonnage. This article describes the reasons for the collapse, and argues that there were two primary causes: first, the post-OPEC shipping crisis forced numerous Norwegian owners to sell ships; second, the high cost of registering in Norway pushed some ships to Flags of Convenience such as Panama and Liberia. Finally, the article places Norwegian shipping in context, pointing out that by 2000, more than half of the world fleet was registered in Flags of Convenience.

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Filed under: North Sea | Post WW2
Subjects include: Merchant Marines

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