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RESEARCH PRODUCT

Finnish Shipping — A Nordic Exception?

Yrjö KaukiainenOjala Jari

subject

Earningsbusiness.industry05 social sciences06 humanities and the artsInternational trade050905 science studiesGross domestic productTonnage060105 history of science technology & medicine8. Economic growthInternational shippingPer capita0601 history and archaeologyBusiness0509 other social sciencesExport trade

description

The Finnish economy has for centuries been dependent on seaborne transport. In some periods, such as the mid-nineteenth century and the 1970s, Finland also emerged as an important shipping nation in international cross-trades. In the mid-1970s, Finnish tonnage was the sixth largest in the world in per capita terms — just after the Scandinavian countries (Karonen, 1992; Kaukiainen, 2008b). Nevertheless, compared to the other Nordic countries, it was a minor player in international shipping and, subsequently, it has fallen even further behind. In 1987, for example, the freight earnings of Finnish shipping were about one-fifth of those of Norway and about one-third of those of Denmark and Sweden (Ojala and Saarto, 1992, p. 27).

https://doi.org/10.1057/9780230363526_5