Measured by tonnage, the fleet has seen moderate growth. As of January 2021, the fleet numbers a total of 1,783 ships with total tonnage of 51.1 million deadweight tonnes. Through 2019 and 2020, the fleet has grown by almost nine per cent measured in deadweight tonnes.

Seen separately, the Norwegian International Ship Register (NIS) has experienced growth in the same period, increasing by 79 ships, numbering 691 ships as of 1 January 2021. The Norwegian Ordinary Ship Register (NOR) has been weakened somewhat among foreign shipping companies in the same period, but overall, the Norwegian flag has strengthened its position, with an increase of over 60 ships in the last two years.

Over the past year, several shipowners have chosen to flag their fleets home to Norway, and several newbuildings have been registered under the Norwegian flag. When asked in this year’s member survey whether it is of interest to flag ships home this year, the members of the Norwegian Shipowners’ Association answer that the potential for this is more than 60 ships.

The composition of the Norwegian-controlled foreign-going fleet shows that offshore service vessels are still the largest segment in terms of number of vessels, closely followed by the dry cargo segment.

The Norwegian-controlled foreign-going order book

The order book now consists of only 49 ships, having not seen such low levels for nearly 30 years. Five years ago, the order book was twice as large, and in 2008 the order book counted up to 400 ships. Most of the ships on order will be delivered this year, or in 2022.

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