Liberian Shipping
(N.Z.P.A.-Reuter—Copyright) LONDON.
Liberia, a small West African nation which became a maritime giant by offering tax benefits to foreign shipowners, held on to its lead in world shipping in 1968. Lloyds Register of Shipping reported recently that Liberia’s gross tonnage for the year was 25,720.000. Liberia is regarded as one of the “flag-of-convenience” countries. Shipowners save on legal fees and wage payments by flying the country’s flag. Britain came second with 19,921,000 tons gross and the United States third with 19,668,000 tons gross. Lloyds said the United; States might be pushed to fifth place next year by Norway and Japan, which considerably expanded their fleets during the year. Liberia also led the field in oil tankers with a gross tonnage of 14,663,000 after a considerable increase of 1,718,000 tons.
Norway was second with 9,992,000 tons gross, Britain third with 8,372,000 tons gross, and Japan fourth with 6,755,000 gross.
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https://paperspast.natlib.govt.nz/newspapers/CHP19681120.2.86
Bibliographic details
Press, Volume CVIII, Issue 31841, 20 November 1968, Page 13
Word Count
150Liberian Shipping Press, Volume CVIII, Issue 31841, 20 November 1968, Page 13
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Acknowledgements
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