Romania's Merchant Fleet Historical and Evolution

Constantin Georgescu () and Monica Tudor Georgescu ()

Knowledge Horizons - Economics, 2014, vol. 6, issue 4, 167-170

Abstract: Shipping and merchant fleet were for many years one of the key industries of our country. Before 1989, Romania’s fleet was ranked of British analysts 4th in Europe and 11th in the world, this state and the country flag flying on board of more than 300 ships, brought Romania prestige and material benefits in the long term. Years following the change of political regime, witnessed a period of instability for most industries, and now the country's maritime industry keeps developing the shipbuilding segment. Domestic demand is non-existent, the share of exports of ships of Romania is 100%, so Romanian shipyards compete with Chinese Japan and South Korea exports.

Keywords: Fleet; trade; ship owner; sailing pavilion (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:6:y:2014:i:4:p:167-170

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