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SSG No 10 - Shipgaz

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operates a fleet of 41 ships, mainly bulk<br />

and gas carriers, of which only one qualifies<br />

as “<strong>No</strong>rwegian”.<br />

If the term “<strong>No</strong>rwegian” were defined to<br />

shipping operations with corporate, commercial<br />

or technical management in the<br />

country, the NSA figures could be doubled.<br />

That would also give a much more<br />

realistic impression of what is going on in<br />

the shipping community.<br />

Everything is possible<br />

The shipping industry has become more<br />

attractive to young people over the last<br />

years.<br />

A new generation of shipping professionals<br />

are coming up through the ranks;<br />

often well-educated people not burdened<br />

by the trauma of the shipping crisis; people<br />

with an international outlook who see the<br />

opportunities – not the problems – of<br />

operating out of <strong>No</strong>rway.<br />

Here is everything: Brokers and consultants,<br />

investors and shipping banks, competence<br />

and network; none of which particularly<br />

expensive. There is a different sentiment<br />

around: Everything is possible.<br />

When did you last hear that song?<br />

SHIPPING AND SHIP MANAGEMENT<br />

<strong>No</strong>rwegian fleet<br />

MDWT ■ Foreign registered ■ NIS ■ NOR<br />

60<br />

50<br />

40<br />

30<br />

20<br />

<strong>10</strong><br />

0<br />

1990<br />

Typically, YoungShip, an organization of<br />

young shipping professionals up to the age<br />

of 35, has grown to 800 members in<br />

Bergen and Oslo over three years. Of these,<br />

a third are women.<br />

Compared to finance and offshore, shipping<br />

appears to have regained much of its<br />

lost ground. Shipping companies are<br />

reporting of motivated and qualified applicants<br />

to every position offered, while students<br />

are flocking to bachelor courses in<br />

shipping, logistics and international trade.<br />

High investment<br />

Source: NSA<br />

Riding on a business cycle that seems to go<br />

on and on, many owners have been<br />

SCANDINAVIAN SHIPPING GAZETTE • MAY 21, 2007 69<br />

1995<br />

2000<br />

2005<br />

2007

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