MAREX: Norway’s Biggest Spenders

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MAREX: Norway’s Biggest Spenders


Category: Business News

Many of Norway’s shipping and offshore industries have achieved sustained growth through some of the most turbulent times ever faced, says VesselsValue’s Head of Offshore, Robert Day. Since the last Nor-Shipping in 2017, the number of Norwegian companies owning vessels has increased from 205 to 238. 

The Norwegian owned fleet has grown by 119 vessels, standing at 2,055 ships, and in turn the gross tonnage of the fleet has increased to 47.74 million GT. These new vessels have boosted the total fleet value of the Norwegian owned fleet by $3.5 billion, bringing their total fleet value to $44 billion, ranking fifth most valuable in the world.

Read entire article HERE.

Source: MAREX