Authorities, Organisations and GeopoliticsScandinaviaShipowners

Norway – a major shipping nation

Shipping on the road to recovery amid considerable national security unrest. The Norwegian Shipowners' Association's annual Outlook Report reveals that profitability in the industry is increasing, there are fewer ships in layup, and Norwegian shipowners are planning investments in new green technology. But the pandemic and the war between Russia and Ukraine continue to create challenges for Norwegian shipping.

 

Shipping is an international industry, and Norwegian shipping companies are at any given time present on all the world’s continents and oceans. This means that geopolitical unrest impacts the industry directly.

“The pandemic has hit the shipping industry hard. All shipowners experienced operational challenges in 2021 as a result of the pandemic,” says CEO Harald Solberg of the Norwegian Shipowners’ Association.

The Outlook Report survey shows that shipowners increased their revenues overall in 2021, but a large gap separates the transport segment from offshore shipping companies. At the same time, there are several indications that the situation has improved:

  • Fewer ships in layup
  • Improved profitability
  • Somewhat improved access to capital

The survey shows that expectations for 2022 include further strengthening of profitability and access to capital.

Building more green ships

When access to capital and profitability improve, this also provides a basis for building new vessels with technology that reduces emissions. Shipowners are considering building 162 ships and eight rigs over the next five years.

“Nine out of ten say that they will equip ships with new technology that cuts emissions. Nine out of ten shipowners report that they believe they will be climate neutral by 2050. Shipowners are considering a wide range of solutions, such as green ammonia, methanol, wind-assisted propulsion, batteries and the use of artificial intelligence to reduce ships’ fuel consumption,” says Solberg.

Norway – a major shipping nation
 
The maritime industry is one of Norway’s most important industries and is a significant contributor to value creation and employment in large parts of the country. Value creation for 2021 is estimated at NOK 154 billion, and the industry employs over 90,000 people.

Rogaland and Vestland have the highest number of maritime employees. These are also the municipalities with the greatest value creation. The two counties accounted for more than half of value creation in the maritime industry in 2020, which indicates that the industry is to a very high degree a rural industry. Companies offer high-competency jobs along the entire coastline, both at sea and on land.

If Norway is to continue as a major shipping nation, stable framework conditions must be ensured.

“Predictable and competitive framework conditions are important for the industry, and here the authorities play an important role. The survey makes clear that the net wage scheme for Norwegian seafarers should be strengthened and the tonnage tax scheme continued. A weakening of framework conditions for private capital will impact new green investments,” says Solberg.

Outlook Report facts and figures

Norway is the world’s fifth-largest shipping nation

The total value of the world fleet in 2022 is estimated at USD 1.530 billion, of which the ten largest shipping nations control 70 percent. Norway is in fifth place. China, Japan and Greece are by far the three largest nations, followed by Germany and Norway.

The Norwegian controlled foreign-going fleet

 The Norwegian controlled foreign-going fleet has in recent years experienced good growth in both number of ships and tonnage, but saw a decline throughout 2021. As of January 2022, the fleet numbered a total of 1,690 ships with a total tonnage of 46.9 million deadweight tonnes. At the same time last year, the fleet consisted of 1783 ships with 51.1 million deadweight tonnes.

“During the course of the year around 200 ships were sold, while 100 ships were added. The largest decline is seen in the offshore service segment. Here there are almost 50 fewer ships in 2022 than one year ago,” says Solberg.

The Norwegian flag is attractive

The Norwegian International Ship Register (NIS) has grown over the past year with an increase of 33 ships, numbering 724 ships as of 1 January 2022. The Norwegian Ordinary Ship Register (NOR) has weakened somewhat among foreign shipowners in the same period, but in total the Norwegian flag has still made significant gains, growing by more than 100 ships over the last three years.

An international industry

Norwegian shipowners’ revenue from markets outside Norway amounted to approximately NOK 130 billion in 2021. This is 60 percent of the total turnover in the industry for that year. In 2022, growth in foreign markets of NOK 10 billion is expected.

“It is crucial that the Norwegian authorities support international rule of law and multilateral governance systems at a time when globalization is increasingly challenged by regional advances, national interests and protectionist forces. More than half of shipowners report that they are negatively affected by global protectionism,” says Harald Solberg.

Norway Maritime Outlook 2022

 

This article is shared by courtesy of the Norwegian Shipowners’ Association https://rederi.no/en/ – a trade and employment organisation for Norwegian controlled companies within the shipping and offshore industry. The primary fields are national and international industry policies, employer issues, competence and recruitment, environmental issues and innovation in addition to safety at sea.

See more news about Norway HERE.

Narjiss Ghajour

Editor-in-Chief of Maritime Professionals

1,361 Comments

  1. viagra originale in 24 ore contrassegno: Viagra – alternativa al viagra senza ricetta in farmacia
    top farmacia online

  2. nice article ave a look at my site “https://www.newsbreak.com/crypto-space-hub-313321940/3799652652916-top-crypto-investments-in-2025-bitcoin-ai-projects-tokenized-assets”

  3. As the decentralized finance (DeFi) space continues to evolve in 2025, SpookySwap has established itself as one of the leading decentralized exchanges (DEXs) on the Fantom Opera blockchain. Known for fast, low-cost token swaps, yield farming, and liquidity rewards, SpookySwap is a powerful tool for traders and DeFi enthusiasts looking to maximize their returns while maintaining full control of their funds.

  4. Discover CowSwap, the trusted decentralized exchange platform for seamless crypto trades in 2025. With low fees, high security, and fast transactions, CowSwap is a go-to solution for DeFi users worldwide

  5. Discover the future of decentralized finance with Woofi Finance, a cutting-edge platform for seamless crypto staking and yield farming. Maximize your returns with low fees and high rewards. Join the revolution in DeFi today!

  6. Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?

  7. https://akhbutina.kz/# Баллон — это автомат для настоящих любителей.

  8. Автоматы Ballon поднимают настроение каждому.: balloon game – balloon казино

  9. balloon казино играть balloon казино Казино всегда предлагает выгодные акции.

  10. Каждый СЃРїРёРЅ может стать выигрышным!: balloon game – balloon игра

  11. https://balloonigra.kz/# Играйте в казино, наслаждайтесь каждым моментом.

  12. Азартные РёРіСЂС‹ РїСЂРёРЅРѕСЃСЏС‚ радость Рё азарт.: balloon казино – balloon казино официальный сайт

  13. balloon казино играть balloon казино Присоединяйтесь Рє игрокам РЅР° автоматах.

  14. Обнаружьте новые стратегии РЅР° автомате Ballon.: balloon казино – balloon казино играть

  15. Баллон — это автомат для настоящих любителей.: balloon казино – balloon игра

  16. https://akhbutina.kz/# Казино предлагает множество игровых автоматов.

  17. Ставь РЅР° деньги Рё выигрывай легко!: balloon игра – balloon казино демо

  18. Казино всегда предлагает выгодные акции.: balloon казино – balloon казино демо

  19. Автомат Ballon предлагает уникальные Р±РѕРЅСѓСЃС‹.: balloon казино – balloon казино официальный сайт

  20. I’ve been taking cornbread blueberry breeze through despite a while instantly, and they’ve frankly been a game-changer looking for highlight and sleep. The first-rate part? No grogginess in the morning unbiased a cool off, relaxed impression up front bed. With an increment of, they taste great, unequal to some other supplements I’ve tried. I was skeptical at elementary, but after consistently using them, I can indubitably bruit about they avoid with unwinding after a long day. If you’re looking in the interest of a natural personality to deject without any strange side effects, CBD gummies are worth trying. Principled provoke steady you provoke a quality trade name with third-party testing!

  21. I was skeptical yon CBD at initial, but after tiresome them like https://joyorganics.com/products/organic-cbg-cbd-tincture , I’m really impressed. They presentation a handy and enjoyable way to pick CBD without any hassle. I’ve noticed a calming object, especially in the evenings, which has helped with both stress and sleep. The finery generally is the pre-measured dosage, so there’s no guessing involved. If you’re looking as a remedy for an easy and yummy course of action to know CBD, gummies are unquestionably value in view of—fair-minded make sure to secure from a estimable brand!

  22. Overall, I’ve found that Polygon Bridge offers an impressive combination of affordability and functionality. Whether you are a beginner or a seasoned trader, you’ll find it incredibly useful. I’ll be using this platform for the foreseeable future!

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button