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Maritime History as Global History$
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Maria Fusaro and Amélia Polónia

Print publication date: 2010

Print ISBN-13: 9780986497339

Published to Liverpool Scholarship Online: September 2018

DOI: 10.5949/liverpool/9780986497339.001.0001

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PRINTED FROM LIVERPOOL SCHOLARSHIP ONLINE (www.liverpool.universitypressscholarship.com). (c) Copyright Liverpool University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in LSO for personal use.date: 12 June 2021

Why Are the Major Oil Companies Selling Off their Fleets? The Case of Total

Why Are the Major Oil Companies Selling Off their Fleets? The Case of Total

Chapter:
(p.223) Why Are the Major Oil Companies Selling Off their Fleets? The Case of Total
Source:
Maritime History as Global History
Author(s):

Benoît Doessant

Samir Saul

Publisher:
Liverpool University Press
DOI:10.5949/liverpool/9780986497339.003.0010

This chapter provides a case study of the French oil company, Total, in attempt to explain why they changed business strategy and chartered international fleets instead of transporting the oil themselves, a growing maritime practice. It explores the economic, financial, technological, and political factors that caused uncertainty in the shipping industry and made the economic cycle unstable, resulting in the chartering of fleets. It finds that the oil industry shifted to open market purchases and oil companies distanced themselves from the transport role in attempt to create a global system within the industry.

Keywords:   Oil Trade, Oil Companies, Maritime France, Maritime Economics

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