Deregulation of Shipping. What is to be learned from Chile

Deregulation of shipping : what is to be learned from Chile (English)
ABSTRACT
Part 1 of this report reviews and analyses the ocean shipping regulations that operated at the end of the 1970s, the system resulting from the deregulation act of 1979 and other changes in the law in the 1980s. It also covers the short term consequences as well as the situation of shipping industry and users as it appears some 9 years after the fact. Part 2 consists of an analysis of the determinants of freight charges in Chile's export trade with the United States in 1978 and in 1986. The authors seek to assess the results of this fundamental reform by 5 tests: 1) the development of the national flag merchant fleet, 2) the development of the national flag share in the foreign trades, 3) the experience of the users of shipping and 4) the national shipping industry after deregulation and 5) the share of Chile's shipping industry in the country's shipping market also after deregulation