SSG No 10 - Shipgaz

SHIPPING AND SHIP MANAGEMENT
The blue Range
In a globalized industry, Singapore has become a stronghold for the Nordic shipping community.
It was the late Kaj Rehnström who
invented the idea of the NBSR –
the Nordic Baltic Sea Range – that
waterlogged northern region of
Europe.
In a global perspective, the NBSR is a
region of large and diversified maritime
activities, in fact one of the major clusters
of marine business in the world.
Maritime transport accounts for a high
proportion of the cross-border trade in the
region, and the trade flows to and from
the NBSR are essential to the European
shipping market. The region accounts for
almost a fifth of the global fleet, and the
range of service providers hold a substantial
global market share.
There is probably no other sector in
which the NBSR region exerts a stronger
impact on the global economy than the
maritime.
A diversified cluster
The total involvement in maritime-related
activities across the region may be diverse
and varying, the background and challenges
different, but the people involved are all
grappling with the same task: To support
and generate seaborne transportation.
There are the same basic dimensions:
• the regional trade flows of great complexity,
involving ports, traffic supervision,
logistic providers, ferry and cargo services,
the distribution of dry bulk and oil products
within the European market,
• the involvement in the global shipping
industry, with commercial networks and
ship operations worldwide,
DAG BAkkA jr
Shipping inveStment
in the nordic mArket
(billion USD)
new orders Secondhand
2001 3.6 1.1
2002 3.8 0.8
2003 4.0 1.8
2004 12.7 1.9
2005 8.8 3.7
2006 17.7 5.7
Source: SSG-Bergen
• the provision of services to shortsea and
deepsea shipping, from supplies of all kinds
to financial and insurance services, and
• the maritime technology industry, ranging
from ship design, shipbuilding, equipment
to research & development.
24 THE SCANDINAVIAN SHIPPING GAZETTE • MAY 21 2007