Tanker Ownership in non-OECD countries and the Rise of Government-Owned Fleets

Al Wood ()
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Al Wood: Institute for International Economic Policy, George Washington University

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: This paper provides an historical perspective of the global oil-tanker market, the international tanker fleet, and the major trends in tanker ownership. The available data indicate that outside the OECD, more than half of large tanker capacity is ultimately owned by governments compared to less than one percent within the OECD. A positive correlation is identified between oil imports and tanker ownership at the national level, but only for non-OECD countries. This result suggests that the forecasted increases in oil imports and exports by emerging economies over the next two decades are likely to result in higher levels of government ownership of the international oil tanker fleet.

Keywords: petroleum; oil tanker; maritime law; OECD (search for similar items in EconPapers)
JEL-codes: F52 L33 L71 L91 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2011-07
New Economics Papers: this item is included in nep-cwa and nep-ene
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2011-07

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