Abstract
Due to the strong growth of trade and production during the Golden Age, the shipping industry emerged as a winner. The world fleet increased rapidly, with larger and more specialized ships, and the post-war growth of Norwegian shipping was particularly strong. Tenold analyses three technological revolutions in shipping in the period 1950–1973: containerization, bulkification and specialization. With domestic wage levels increasing, Norwegian shipping companies chose to invest in capital intensive ships—large tankers and bulk carriers and innovative specialized vessels. The chapter also discusses the sources of capital for Norwegian shipping, and the effects of Norwegian maritime policy.
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