Preliminary figures for 2007 confirm the high activity and investment by shipping companies in Scandinavia. According to our own records, a total of 339 ships and 13 drilling rigs were ordered and some 560 secondhand ships and resale contracts changed hands. Total new invest in building orders amounted to USD 17.9 billion for ships and 5.0 billion in offshore rigs, in addition secondhand acquisitions of USD 7.8 billion. However, also considerable divestments were made with sales out of the region of USD 6.3 billion. As for investment in ships (excluding offshore rigs), Norwegian owners account for 67 per cent, Danish for 25, Swedish for 6 and Finnish for 2 per cent of the total.
Total turnover in the Scandinavian shipping community amounted to about USD 37 billion in 2007, much the same as 2006 but up from a level of 5 billion in 2001/02.