Abstract
The shipping crisis of the 1970s and 1980s almost eradicated Norwegian shipping. The 1987 establishment of the Norwegian International Ship Register was the brainchild of Erling Dekke Naess. The NIS enabled the use of foreign, low-cost seamen on Norwegian ships trading internationally, and can be characterized as “the kiss of life” for Norwegian shipping. The timing was perfect—around the same time the shipping markets improved, and this paved the way for massive new investment. Tenold shows that parallel with the resurgence in traditional deep-sea shipping, there was substantial investment made in offshore petroleum exploration by Norwegian shipping companies.
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