Odeke, Ademuni (1982) Future prospects for the development of national maritime fleets. University of Southampton, Doctoral Thesis.
Abstract
Shipping has been the exclusive preserve of a few developed nations and run on liberal principles. The end of the war saw the emergence of the developing and socialist countries, with conflicting political and economic philosophy, advocating individual national fleets. This, coupled with technological revolution, marked a change away from laissez faire. The developing countries were further dissatisfied with the effects of flags of convenience, liner conferences, the Jacidence of the rising freight rates and the emergence of synthetics, which undermined their international trade positions as suppliers of raw materials. Improvements of a country's balance of payments position is a major rationale for shipping. However; the developing world lacks the prerequisites for the establishment and development of economically viable national fleets, hence their resort to the use of restrictive traditional methods. Ironically, in this they are joined by the US. Conflicts arise when the use of these methods are aided by state protectionism and extension of the rationale to include political and security reasons. Contravention of international law and possible economic disruptions threaten to wreck the very fabric of national fleets. This study sets out to outline these traditional methods, the ensuing consequences of the said approach and to seek remedies which might assist in transforming the confrontation to co-operation in the form of joint ventures in the future prospects for the development of national and international fleets.
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