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Contracting fleet still world's third largest.
(From Lloyds List)
MAGNITUDE is a matter of perception, and Norway's maritime industry last year may have got smaller but is still larger than most in the world of shipping.
Amid the gloom and the doomsayers, Norway's maritime companies ply their global and domestic trade and make the world's third largest shipping nation after Japan and Greece and ahead of the US and Britain.
The nation's foreign-trading fleet totals 1,622 vessels and 43.2m dwt with a value of around Nkr131.4bn ($19.32bn), but the fleet has lost more than 100 vessels since 2001.
The domestic Norwegian register has 231 vessels or 3.1m dwt compared with 261 or 4.1m dwt three years ago, while the international NIS register totals 722 vessels amounting to 25.9m dwt compared with 767 ships or 28.4m dwt at the beginning of 2001.
Foreign flagged Norwegian-owned vessels have also fallen to 669 ships or 14.2m dwt compared with 702 or 17.3m dwt at the start of 2001.
Norway's offshore industry is also sizeable, with 60 mobile offshore units worth an estimated Nkr29m.
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