All time high market – but low profitability;
The last couple of years have been adventurous for most Norwegian newbuilding yards – in terms of new orders.
Never before has the industry experienced a better market. At the time of writing (December 2007) the combined orderbook is at astonishing close to NOK 70 billion. The comparable figure only four years ago, in 2003, was only NOK 3bn. In this business it is undoubtedly a short way from misery to boom.
Steady as she goes
By that we mean that the type of ships delivered from Norwegian yards in 2007 followed the same pattern as for 2006. The yards make their living by outfitting offshore service vessels, building ferries, coastal fishing vessels and work boats, the latter primarily for fish farming. The sector comprising commercial cargo ships has unfortunately been wiped out (almost). Altogether NMI 2007 incorporates 133 newbuildings, which is 17 more than in 2006.
A vision for sustainable growth in the maritime industry
By that we mean that the type of ships delivered from Norwegian yards in 2007 followed the same pattern as for 2006. The yards make their living by outfitting offshore service vessels, building ferries, coastal fishing vessels and work boats, the latter primarily for fish farming. The sector comprising commercial cargo ships has unfortunately been wiped out (almost). Altogether NMI 2007 incorporates 133 newbuildings, which is 17 more than in 2006.