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Tankers in TroubleNorwegian Shipping and the Crisis of the 1970s and 1980s$
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Stig Tenold

Print publication date: 2006

Print ISBN-13: 9780973893427

Published to Liverpool Scholarship Online: January 2019

DOI: 10.5949/liverpool/9780973893427.001.0001

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(p.221) Chapter 9 Conclusion
Tankers in Trouble

Stig Tenold

Liverpool University Press

This final chapter concludes the findings of the journal by claiming the crisis of the 1970s and 1980s fundamentally altered the shipping market. It reiterates the causes and effects of the crisis and the reasons for the drastic impact felt by Norwegian shipowners. It asserts that the shipping industry is highly cyclical, but the low point of the cycle during the ‘70s and ‘80s was particularly harsh and industry-altering. The modern-day industry only overcame the lingering effects of the crisis, including the prevalent problem of oversupply, in 2004-2005.

Keywords:   Norwegian Economy, Oil Trade, Emerging Maritime Nations, Traditional Maritime Nations

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