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Norway_Business opportunities, presentation by Jaakko Isotalo at Navigate fair 2018
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 2
Jaakko Isotalo
Senior Advisor
Member of the board
www.gatewaynorway.no
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 3
Contents
 The Norwegian Offshore Sector
 Incl. “ Offshore – Wind ”
 The Norwegian Maritime Sector
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 4
Norway: status May 2018
• Unemployment rate: about 2,5%
• Norwegian seafood in 2017:
• NOK 100 billions (= over EUR 10 billions)
• 2nd largest seafood exporter in the world.
• Oil price: around close to USD 80-,- / barrel (Brent)
• 10.000 new oil jobs – West-Norway
• All indicators are showing: up, up, UP!
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 5
The Norwegian Offshore Sector
What´s new here? News etc.
Norway:
- The 3rd largest gas exporter in the world (covers more than 20 % of gas consumption in Europe)
- The world´s top oil producer no. 13 = Norway.
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 6
Offshore sector: OIL & GAS
– After 3 years of “crisis” 2/3 of oil related companies
are planning to increase new employment in 2018.
– In 2017: new development plan applications for NOK
125 billions; equal to 100.000 full time yearly
employees.
– Njord, Bauge, Ærfugl, Vallhall, Skoful, Ekofisk, Yme,
Fenja, Snorre
– Full speed up to the year 2020!
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 7
Offshore wind (floating)
–Statoil opened floating Hywind Pilot Park in
Scotland
–Offshore wind capacity up / price per kWh
down
–Norwegian companies / cluster looking for
co-operation partners also in Finland
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 8
The Norwegian Maritime Sector
MARKET UPDATE
Bad news, good news, hot news, rumours, etc.
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 9
Bad news:
– Economical situation / results -
YARDS:
– Middle size /large yards delivering
negative results: Vard, Ulstein, Kleven.
– Smaller yards are performing very
good!
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 10
Good news:
- Number of shipyards: about 40 (new building yards).
- Number of vessels ordered: about 170 vessels (starting from about 15
meters workboats).
- More new orders signed from 2017 to 2018.
- Next generation expedition ships: a new Norwegian shipbuilding niche.
– Norwegian government supporting the yard industry: 3 coastal patrol
vessels to be built. Price of one vessel: estimation - NOK 2 billion.
– Vard Langsten AS
– 28 % of new buildings go to fish farming
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 11
Post “crisis” activity at Norwegian yards
– Offshore mining
– Offshore wind
– Pleasure yachts (super yachts)
– Fishing boats
– Fish farming service boats
– Ferries
– Small cruise vessels
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 12
More good news / new news:
-Norwegian government support
of the yards in Norway:
-Guarantees available now also in Norway at
the Norwegian yards.
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 13
ORDER BOOK SITUATION –
SELECTED SHIPYARDS
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 14
More good news / new news:
-Havyard
- Shipyard in Leirvik
- Sølvtrans order the world´s largest live fish carrier from Havyard. Contract price: over EUR
55 mill.
- 2 x trawler – France Pélagique (Cornelis Vrolijk)
- 8 x ferries for Fjord 1 (low emission; hybrid / electrical)
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 15
More good news / new news:
-Kleven yard - Ulsteinvik:
- 2 x AHTS – Mærsk serie
- 2 + 2 small artic hybrid cruisers – Hurtigruten
- Fishing vessel – Gitte Henning
- 1 x Diamond mining vessel (De Beers Marine Namibia)
-Myklebust yard:
- Various fishing industry vessels: trawlers, fish harvesting vessels, live fish
carriers, ferry
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 16
More good news / new news:
-Ulstein yard - Ulsteinvik:
- The world’s largest hybrid ship – Color Line
- X-Bow Super yacht – Unknown owner
- 2 x different SOV (Service Operational Vessel for offshore wind maintenance)
- 1 + 2 Explorer vessels (Lindblad Expeditions-National Geographic
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 17
More good news / new news:
-Vard:
- 5 yards in Norway: Aukra, Brattvaag, Breivik, Langsten, Søviknes.
- 7 small trawlers & other fish, fish farming vessels
- 2 x expedition cruise vessel – Hapaq-Lloyd Cruises
- 4 x expedition cruise vessel – Ponant Quartet
- 1 x electrical hybrid cruise icebreaker with LNG propulsion – Ponant Quartet
- Ferries – Norwegian fjords incl. 100 % electrical ferry to Boreal
- Supply vessels – earlier ordered vessels
- REV (Research Expedition Vessel)
- Cable laying vessel
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 18
More good news / new news:
-FOSEN YARD:
- AQUATRAZ – Pilot: fish farm
- Diameter: 160 meters
-WESTCON:
- Weston is now the largest shareholder in Aquafarm
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 19
Hot news:
Norway: the place to be in
2018
-Nor-Fishing 2018:
- Trondheim: 21.-24.08.2018
-ONS 2018: “ Innovate ”
- Stavanger 27.-30.08.2018
Gateway Norway AS
Gateway Norway AS | 28.05.2018 | 20
Rumours:
When in Rome, do as the Roman´s do!
REMEMBER!
•Norwegian business culture and rules & regulations.
Gateway Norway AS
Strandgata 165
5525 Haugesund
Norway
Tel.: +47 930 19 616
E-mail: jaakko@gatewaynorway.no

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Norway_Business opportunities, presentation by Jaakko Isotalo at Navigate fair 2018

  • 2. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 2 Jaakko Isotalo Senior Advisor Member of the board www.gatewaynorway.no
  • 3. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 3 Contents  The Norwegian Offshore Sector  Incl. “ Offshore – Wind ”  The Norwegian Maritime Sector
  • 4. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 4 Norway: status May 2018 • Unemployment rate: about 2,5% • Norwegian seafood in 2017: • NOK 100 billions (= over EUR 10 billions) • 2nd largest seafood exporter in the world. • Oil price: around close to USD 80-,- / barrel (Brent) • 10.000 new oil jobs – West-Norway • All indicators are showing: up, up, UP!
  • 5. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 5 The Norwegian Offshore Sector What´s new here? News etc. Norway: - The 3rd largest gas exporter in the world (covers more than 20 % of gas consumption in Europe) - The world´s top oil producer no. 13 = Norway.
  • 6. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 6 Offshore sector: OIL & GAS – After 3 years of “crisis” 2/3 of oil related companies are planning to increase new employment in 2018. – In 2017: new development plan applications for NOK 125 billions; equal to 100.000 full time yearly employees. – Njord, Bauge, Ærfugl, Vallhall, Skoful, Ekofisk, Yme, Fenja, Snorre – Full speed up to the year 2020!
  • 7. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 7 Offshore wind (floating) –Statoil opened floating Hywind Pilot Park in Scotland –Offshore wind capacity up / price per kWh down –Norwegian companies / cluster looking for co-operation partners also in Finland
  • 8. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 8 The Norwegian Maritime Sector MARKET UPDATE Bad news, good news, hot news, rumours, etc.
  • 9. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 9 Bad news: – Economical situation / results - YARDS: – Middle size /large yards delivering negative results: Vard, Ulstein, Kleven. – Smaller yards are performing very good!
  • 10. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 10 Good news: - Number of shipyards: about 40 (new building yards). - Number of vessels ordered: about 170 vessels (starting from about 15 meters workboats). - More new orders signed from 2017 to 2018. - Next generation expedition ships: a new Norwegian shipbuilding niche. – Norwegian government supporting the yard industry: 3 coastal patrol vessels to be built. Price of one vessel: estimation - NOK 2 billion. – Vard Langsten AS – 28 % of new buildings go to fish farming
  • 11. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 11 Post “crisis” activity at Norwegian yards – Offshore mining – Offshore wind – Pleasure yachts (super yachts) – Fishing boats – Fish farming service boats – Ferries – Small cruise vessels
  • 12. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 12 More good news / new news: -Norwegian government support of the yards in Norway: -Guarantees available now also in Norway at the Norwegian yards.
  • 13. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 13 ORDER BOOK SITUATION – SELECTED SHIPYARDS
  • 14. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 14 More good news / new news: -Havyard - Shipyard in Leirvik - Sølvtrans order the world´s largest live fish carrier from Havyard. Contract price: over EUR 55 mill. - 2 x trawler – France Pélagique (Cornelis Vrolijk) - 8 x ferries for Fjord 1 (low emission; hybrid / electrical)
  • 15. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 15 More good news / new news: -Kleven yard - Ulsteinvik: - 2 x AHTS – Mærsk serie - 2 + 2 small artic hybrid cruisers – Hurtigruten - Fishing vessel – Gitte Henning - 1 x Diamond mining vessel (De Beers Marine Namibia) -Myklebust yard: - Various fishing industry vessels: trawlers, fish harvesting vessels, live fish carriers, ferry
  • 16. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 16 More good news / new news: -Ulstein yard - Ulsteinvik: - The world’s largest hybrid ship – Color Line - X-Bow Super yacht – Unknown owner - 2 x different SOV (Service Operational Vessel for offshore wind maintenance) - 1 + 2 Explorer vessels (Lindblad Expeditions-National Geographic
  • 17. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 17 More good news / new news: -Vard: - 5 yards in Norway: Aukra, Brattvaag, Breivik, Langsten, Søviknes. - 7 small trawlers & other fish, fish farming vessels - 2 x expedition cruise vessel – Hapaq-Lloyd Cruises - 4 x expedition cruise vessel – Ponant Quartet - 1 x electrical hybrid cruise icebreaker with LNG propulsion – Ponant Quartet - Ferries – Norwegian fjords incl. 100 % electrical ferry to Boreal - Supply vessels – earlier ordered vessels - REV (Research Expedition Vessel) - Cable laying vessel
  • 18. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 18 More good news / new news: -FOSEN YARD: - AQUATRAZ – Pilot: fish farm - Diameter: 160 meters -WESTCON: - Weston is now the largest shareholder in Aquafarm
  • 19. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 19 Hot news: Norway: the place to be in 2018 -Nor-Fishing 2018: - Trondheim: 21.-24.08.2018 -ONS 2018: “ Innovate ” - Stavanger 27.-30.08.2018
  • 20. Gateway Norway AS Gateway Norway AS | 28.05.2018 | 20 Rumours: When in Rome, do as the Roman´s do! REMEMBER! •Norwegian business culture and rules & regulations.
  • 21. Gateway Norway AS Strandgata 165 5525 Haugesund Norway Tel.: +47 930 19 616 E-mail: jaakko@gatewaynorway.no