Abstract
This chapter analyses the structural transformations within the Norwegian shipping industry as a result of the shipping crisis. It focuses on the spatial dispersion of both tonnage and shipping companies. The transformations are analysed using a purpose-built database which demonstrates the decline of Norwegian shipping companies by two thirds during the crisis. It also demonstrates that the size of a company and its geographic location played a part in survival rates during the crisis. The traditional methods of measuring fleet size - Deadweight Tons (DWT) and Gross Registered Tonnage (GRT) - are eschewed in this chapter’s statistical analysis in favour of Compensated Gross Register Tons (CGRT), in order to more accurately reflect the Norwegian fleet’s losses. This leads to the conclusion that mammoth tankers and bulk carriers were replaced by smaller, sophisticated vessels that held more per-ton value.
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