National Shipping Policies and International Ocean Governance

The spokesman for the Group of 77, recalling the statement made by the President of the Ivory Coast that the path to economic liberation passed across the sea, said that, for the third world, the question of shipping was not just one aspect of general economic life, as it was in many developed countries; it was one of the basic foundations ... He went on to say that while developing country exports accounted for 61 per cent of world seaborne cargo, the developing countries owned only 8 per cent of world tonnage.1