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| Tekijä: | Murphy, H. Tenold, S. |
| Otsikko: | Strategies, market concentration and hegemony in chemical parcel tanker shipping, 1960-1985 |
| Lehti: | Business history
2008 : MAY, VOL. 50:3, p. 291-309 |
| Asiasana: | chemical industry shipping industry norway |
| Kieli: | eng |
| Tiivistelmä: | This article examines the emergence of chemical shipping as a specialised shipping segment. In the 1950s and 1960s seaborne transport of chemicals was characterised by rapid technological development. This development was based on the introduction of parcel tankers, which could carry chemicals in bulk. By the early 1970s, two Norwegian companies had built up substantial market shares. However, they were challenged by financially stronger British companies. This article traces the background of the main companies involved in chemical shipping in the 1970s. Their entry into the market and their strategies are examined. First mover advantages, determination to remain market leaders, fleet structure and timing are the main reasons why the Norwegians had managed to fend off the British challenge by the mid-1980s. |
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