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British Shipping and World Competition$
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S G Sturmey

Print publication date: 2009

Print ISBN-13: 9780986497322

Published to Liverpool Scholarship Online: September 2018

DOI: 10.5949/liverpool/9780986497322.001.0001

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Shipowning and Resource Allocation

Shipowning and Resource Allocation

(p.223) Chapter 11 Shipowning and Resource Allocation
British Shipping and World Competition

S.G. Sturmey

Liverpool University Press

This chapter continues to explore the economics of British shipping enterprises in relation to the necessary factors for economic expansion, by evaluating international competition and the cost of providing a competitive service. It looks at the classification of costs; liners and national costs; crew and labour costs; external economies; and overseas trade. It concludes that national trade is useful, but not a necessity for success as a shipowner, and that when faced with inadequate national trade, shipowners simply sought extra-national trade in order to expand.

Keywords:   Twentieth Century Shipowning, Shipping Rivalries, Maritime Labour, American Shipping, Norwegian Shipping

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