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:
“Bid her paint till day of doom,
To this favour she must come.
Bid the merchant gather wealth,
The usurer exact by stealth,
The proud man beat it from his thought,
Yet to this shape all must be brought.”
—Francis Beaumont (1584-1616)
“A city on th’ inconstant billows dancing;
For so appears this fleet majestical.”
—William Shakespeare (1564–1616)
“A diff’rent cause, says Parson Sly,
The same effect may give:
Poor Lubin fears, that he shall die;
His wife, that he may live.”
—Matthew Prior (1664–1721)
“To go to the world below, having a soul which is like a vessel full of injustice, is the last and worst of all the evils.”
—Plato (c. 427–347 B.C.)
“There is something to be said for government by a great aristocracy which has furnished leaders to the nation in peace and war for generations; even a Democrat like myself must admit this. But there is absolutely nothing to be said for government by a plutocracy, for government by men very powerful in certain lines and gifted with the “money touch,” but with ideals which in their essence are merely those of so many glorified pawnbrokers.”
—Theodore Roosevelt (1858–1919)