HANSA 05-2019

Schiffstechnik | Ship Technology
Norwegian fleet in 2019 – follow the capital
The Norwegian flagged fleet of 794 vessels
is currently valued at 17.05 bn $.
Compared to 2018 on a year-on-year basis,
it has lost ten ships and decreased in
value by 1.4 bn $. Most notably, 21 OSV
type ships have left the fleet (see table)
while the tanker segment welcomed six
additional units. The OSV segment is
still by far the biggest in size, comprising
252 vessels worth 2.35 bn $. In terms
of value the tanker segment, which is also
the second largest in size with 185 units,
comes in first, being worth 4.09 bn $. The
OCV segment comes in second looking at
fleet value at 3.13 bn $. But there is a hidden
champion: the MODU segment with
its 13 units is valued at 2.77 bn $. LNG and
LPG carriers also have an interesting fleet
size to value ratio.
Norwegian newbuild ordering is picking
up again after a massive decline in
2015 and 2016. Spending is back from the
record lows of 2016 (0.76 bn $) to 2.55 bn $,
but is still far away from the record highs
of 2011 and 2012 (10.24 bn $). In the past
twelve months, Norwegian owners have
ordered vessels for a sum of 1.6 bn $ that
was mainly spent on tankers and LNG
carriers as well as some bulkers.
After a record high purchasing activity
in 2017 and 2018, interest seems to have
slowed down quite a bit in 2019. Over the
past twelve months, Norwegian money
mainly went into used module carriers
and tankers with containerships and bulk
carriers coming in second and third. fs
Norwegian flagged vessels 2019 ($ bn)
MODU
$2.77
Bulker
$1.29
Norwegian Flagged Vessels
Vessel Type 2019 2018 Growth
Number of
Vessels
Total Value
USD bn
Number of
Vessels
Total Value
USD bn
Number of
Vessels
Total Value
USD bn
OCV
$3.13
OSV
$2.35
Tanker
$4.09
Small Dry
$0.18
Bulker 96 $1,29 98 $1,35 -2 -$0,06
Tanker 185 $4,09 179 $3,64 6 $0,44
Small Dry 93 $0,18 89 $0,15 4 $0,02
Reefer 15 $0,05 15 $0,05 0 $0,00
LNG 14 $1,48 14 $1,39 0 $0,08
LPG 40 $1,73 43 $1,84 -3 -$0,11
OSV 252 $2,35 273 $3,13 -21 -$0,79
OCV 86 $3,13 79 $3,50 7 -$0,37
MODU 13 $2,77 14 $3,39 -$0,62
Grand Total 794 $17,05 804 $18,45 -10 -$1,40
LPG
$1.73
LNG
$1.48
Reefer
$0.05
Norwegian purchasing history
$6.0
180
$5.0
150
Total Spent USD billions
$4.0
$3.0
$2.0
120
90
60
Number of Vessels
$1.0
30
$0.0
2011 2012 2013 2014 2015 2016 2017 2018 2019
0
Number of Vessels
Total Spent USD bn
8 HANSA International Maritime Journal 05 | 2019 NorShipping