The North Sea Baltic Sea region: Profit and
At a time when China is accredited as
the driving factor in the shipping market, shipping and sea transportation
have been brought into public focus in our region of the world,
too. The reason is largely the increasing flow of oil and gas from
Russia and the Arctic areas through the sensitive waters of the
Baltic and the Barends Sea, which has brought up the issue of navigational
safety and environmental protection.
Fleet grows in size and number
The Danish merchant fleet took the same
course in 2004 as in 2003, but with much more profit on the market
than the year before.
Expanding in the Far East and Far West
Coaster owners trying new ways
It is nearly a sensation in the Danish fleet: a second-hand
coaster is purchased by a Danish owner! Over the last decade or
even more, the Danish coaster fleet has been decreasing and ship
after ship has been sold to owners abroad.
Passenger fleet growing in Estonia
One could conclude that Estonian shipping
companies are doing well as during the past year, one brand new
and several second-hand passenger ships were added to the Estonian
merchant fleet fading away
Negative trend continues
The share of Finnish-flagged vessels in
Finlands international sea transports decreased in 2004. Unfortunately,
this was not accidental but rather a long-term trend.
Neste Shippings new product carrier Jurmo was
added to the fleet in 2004.
dominate the fleet
More than a third of all vessels controlled by Swedish owners
are tankers, and they also dominate the current order book.
China the key to continued growth
Caution tempers record fleet expansion
Owners keep pledge to flag back
Vessels and seamen under different flags
There are not that many cargo and passenger
ships sailing under the Latvian flag, but there are more seamen
in Latvia than Latvian shipowners are able to employ on their ships.
The Lithuanian fleet remains under the Lithuanian
Recovering from gloom
At a time in history when world seaborne
trade grows by almost ten per cent a year and with peaking shipping
profit, the Norwegian shipping industry continues to slide.
Surfing on the waves of the boom
Most people seem to agree that the current upward trend in shipping
originates from China, globalisation and the current changes in
the trade routes. An intense stream of raw material, semi-manufactures
and finished products has led to an increase in the demand for transports.
Shipping software faces a challenge
Owners do not operate their vessels for
altruistic reasons. Rather, they are in the shipping business to
make money. This is why owners themselves are always on the lookout
for any technology, which can ease operations of vessels and streamline