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Top 10 merchant fleets of the world by market value in bill. USD by segments as of 2017
Norway has strengthened its position and now rank as the world’s fifth largest shipping nation by fleet value, in 2017.
The value of the global fleet has increased from USD 776 billion in 2007, to USD 791 billion in 2017. The estimated value of the global fleet in 2018 is USD 835 billion, an increase of 5 per cent.
The Norwegian fleet was valued at USD 47 billion in 2017, and the 2018 estimate is USD 49 billion. Measured by value, the Norwegian fleet makes up 6 per cent of the global fleet.
The Norwegian fleet ranked fifth among shipowning nations in 2017, measured by value. Japan, Greece, China and the USA are ranked ahead of Norway, with Germany, the UK and Singapore holding the next spots. In 2016, Norway came sixth on the ranking.
Norwegian-controlled fleet by number of ships
The number of ships in the Norwegian-controlled foreign-going fleet has increased over the past two years, and now stands at 1 771 vessels.
In the same period, deadweight tonnage has grown by close to 13 per cent. The Norwegian International Ship Register (NIS) alone had a net growth of close to 60 ships in this period, with growth in deadweight tonnage of 8 per cent. Overall 33 newbuildings were delivered to the foreign-going fleet in 2017.
Norwegian-controlled foreign-going fleet composition as of 1 January 2018, by number of ships
The deep sea fleet include car carriers, tankers, dry bulk, LNG, chemical, container and general cargo, among others. Members of the Norwegian Shipowners’ Association control more than 600 ships in the deep sea segment. The ships make nearly 30,000 port calls around the world each year.
The short sea segment transports passengers and all types of freight along the coast of Norway, and to and from European ports. Seaborne transport is an important part of the transportation system, and 40 per cent of European domestic transport goes by ship. Members of the Norwegian Shipowners’ Association control around 160 short sea ships. The industry contributes to efficient logistical and transportation solutions.
The maritime offshore value chain is complete and Norway is one of the world’s largest maritime offshore nations. Members of the Norwegian Shipowners’ Association control more than 50 mobile offshore units, most of them drilling rigs, and the most advanced and modern offshore fleet in the world, consisting of 550 vessels.
Average age of vessels in the Norwegian-controlled fleet
The average age of the Norwegian foreign-going fleet has gone down by roughly three years since 2008, to an average age of 10 years at 1 January 2018.
Both Norwegian-registered and foreign-registered vessels are getting slightly younger, indicating that the hole fleet are undergoing continuous renewal, both through deliveries of new ships and second hand sales, aided by sale of ships for recycling.
Norwegian-controlled foreign-going orderbook by country of built as of 1 January 2018
Most vessels are being built in China and South-Korea, while only a handful of vessels are being built in Japan and Norway. In addition, nine other countries have a total of 15 vessels on order.