SHIPPING IN THE 1980'S - A FUTURE WITH UNCERTAINTY?
During the past decade much of the literature on shipping has focused on the obscure future of the industry. Notwithstanding real difficulties, many of the more pessimistic views are exaggerated as there are no reasonable alternatives to most sectors of shipping. Nevertheless there are a number of problems to be considered and questions to be answered. This editorial looks at the following topics: The energy crisis and its impact upon shipping; challenge of the Developing Countries; and Flags of Convenience - survival or phasing out? These three issues are interdependent. The energy crisis and inflation have undermined the efficiency of ship operations and many owners from traditional maritime countries have opted for flags of convenience as the only--they claim--solution to their financial problems. The expansion of flags of convenience has, in turn, prevented world shipping from a more even distribution of shipping activities. These points will most probably constitute the key issues for the world shipping industry in the present decade.
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Taylor & Francis4 Park Square, Milton Park
Abingdon, United Kingdom OX14 4RN
- Publication Date: 1980-1
- Features: References;
- Pagination: p. 1-8
- TRT Terms: Capital investments; Costs; Developing countries; Energy conservation; Flags of convenience; Foreign; Fuels; Labor market; Shipping; Water transportation
- Uncontrolled Terms: Fuel costs
- Old TRIS Terms: Foreign maritime development; Shipping trends
- Subject Areas: Energy; Environment; Finance; Marine Transportation;
- Accession Number: 00317491
- Record Type: Publication
- Files: TRIS
- Created Date: Oct 8 1980 12:00AM