Norwegian Merchant Fleet Prior To World War II
In the years after World War I the Norwegian merchant fleet recouped its losses and expanded into new sectors, primarily tankers but also dry cargo vessels. The 1930s, in particular, were a growth period, in contrast to the other major shipping nations. By the end of 1938 some 7% of world tonnage was Norwegian and Norway was the fourth-largest shipping nation, behind the United Kingdom, the USA and Japan. Moreover, the expansion was based on new building, thus lowering the median age of Norwegian vessels. Most of the new vessels were powered by diesel motors; they accounted for some 62% of the fleet, while Japan had some 27%, and the UK 25%. Around 42% of the fleet was modern tankers, a total of 18% of the world tanker tonnage. Norwegian shipowners were innovative and willing to take risks in ordering new vessels during the depression.
The various services needed for operation of ships had also been expanded, the most important being the classification society Det Norske Veritas, but also shipbrokers, insurance companies and shipping banks. The government also played an important part in establishing and updating regulations, and in providing schools for engineers and navigators.
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Famous quotes containing the words merchant, fleet, prior, world and/or war:
“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
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Were to change by tomorrow, and fleet in my arms,
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