Promoting the maritime sector – the Norwegian government model

Deputy Minister of Trade and Industry Kristin Maurstad

Washington February 28 2013

"We must all hang together, or assuredly

we shall all hang separately”

Benjamin Franklin (1706-1790)

Tripartite cooperation Government

Employees Employers

The maritime sector in the Norwegian economy

• Second largest sector

• 6 % of GDP

• Value creation: 26 billion USD

• 1992 Vessels – 43 mill. dwt

• Fleet ranked no. 8 in dwt

• Fleet ranked no. 4 in value

Why we cooperate

• Technological innovations

•Regulations

•New and developed markets

Nicholas Tonneli

IMO.org

LNG as fuel for ships

• Nox-fund• Environmental requirements for ferry services• Offshore operators requiring LNG

Promoting the maritime sector – the Norwegian government model