Date of Award
Senior Scholars Paper (Open Access)
Colby College. History Dept.
Hogendorn, Jan S.
In 1982, Greek shipping plunged into a severe crisis: the size of the fleet declined dramatically and over 30% of the fleet was laid-up. catapulting many shipping companies into bankruptcy. The causes of the crisis were: The world recession, leading to regulation, protectionism, subsidization. and the growth of new competition in the tramp shipping market. The erosion of the cost differential between Greek shipping and other maritime nations of the world. The specialization and containerization of the world fleet. The old age and other characteristics of the Greek fleet, which exacerbated the crisis. Greek shipping, with its long history and the expertise, diligence, and supreme opportunism of its dynamic shipowners, will survive the crisis.
Shipping -- Greece -- History 20th century, Greece -- Politics and government -- 1974-
Recommended CitationMcHugo, James Eyre, "Greek shipping and the crisis of the 1980's" (1985). Senior Scholar Papers. Paper 172.
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