Risks and Rewards: The Business of Norwegian Shipping

Stig Tenold

Chapter 13 in The World’s Key Industry, 2012, pp 220-234 from Palgrave Macmillan

Abstract: Abstract Due to the volatility of freight rates and vessel values, shipping is generally considered an industry in which the risks of doing business are substantial.1 One reflection of this riskiness is the fact that fortunes can be made, and lost, extremely quickly in the shipping sector. This chapter discusses how shipowners in Norway, which for more than a century has been one of the world’s leading maritime nations, have dealt with the question of business risk in a historical perspective.

Keywords: Activity Risk; Spot Market; Shipping Industry; Shipping Company; Freight Rate (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-00375-1_13

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DOI: 10.1057/9781137003751_13

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