By the early 1970s, through a combination of political will, nationalistic aspirations and commercial opportunities, more nations claimed a part in the world maritime activity, initially in international fora and then in the world shipping markets. The first oil crisis of 1973 proved the catalyst for a drastic re-shuffling of the international maritime division of labour. At the same time shipping was becoming the vehicle for a different pattern of the world economy. All rights reserved. This journal contains information obtained from authentic and highly reliable sources.
Reprinted material is quoted with permission, and sources are indicated.
A wide variety of references are listed. Reasonable efforts have been made to publish reliable data and information, but the editor and the publisher cannot assume responsibility for the validity of all materials or for the consequences of their use.