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This book analyses the causes and effects of the shipping market crisis in the 1970s and 1980s - the most severe of the twentieth century. It approaches the subject from three viewpoints. The first is the tanker sector, where the crisis began, spread, and caused the most damage. The second is from a national perspective - focusing on the impact on Norwegian shipping and shipowners. The third, narrowed further in scope, analyses the crisis from the business perspective of four individual tanker owners - taking into account their business strategies and eventual fates. The aim of the journal is to add to the knowledge of recent maritime history by examining the transformation of the industry during a period of rapid change. One distinct conclusion is that shipowners, to their detriment, assumed that the demand for tankers would continue to increase as it had consistently done so throughout the century thus far. The overall conclusion is that shipping is a cyclical industry, and that the oversupply of ships produced during the 1970s took its toll toward the end of the century. By 2004 and 2005, however, the industry began to bounce back, offering hope for the future. The book consists of an introductory chapter, seven chapters of analysis, a concluding chapter, select bibliography, and three appendices tabling Norwegian tanker statistics.
On a 2,400-mile voyage aboard the Arco Anchorage, Pulitzer Prize-winning reporter Nalder exposes the peril the crew faces at every turn--temperatures of minus 70 degrees, waves 80 feet high, gas poisoning, explosions, and safety systems that don't work.
The Lloyd’s Register Technical Association (LRTA) was established in 1920 with the primary objective of sharing technical expertise and knowledge within Lloyd’s Register. Publications have consistently been released on a yearly basis, with a brief interruption between 1938 and 1946. These publications serve as a key reference point for best practices and were initially reserved for internal use to maximise LR’s competitive advantage. Today, the LRTA takes a fresh approach, focusing on collaboration by combining professional expertise from across LRF & Group to ensure a frequent output of fresh perspectives and relevant content. The LRTA has evolved into a Group-wide initiative that identifies, captures, and shares knowledge spanning various business streams and functions. To support this modern approach, the LRTA has adopted a new structure featuring representatives and senior governance across the business streams and the LR Foundation. The Lloyd's Register Technical Association Papers should be seen as historical documents representing earlier viewpoints and are not reflective of current thinking and perspectives by the current LR Technical Association.