Offshore vessel shipbroking powerhouse Norway is set to retain its relevance to the market, despite potentially stronger rates in other regions.

“We believe Norway will remain as important as during previous cycles due to our unique offshore ecosystem,” Norwegian shop Fearnley Offshore Supply told TradeWinds.

The brokerage points to the plethora of Norwegian equipment manufacturers, designers, shipyards, offshore support vessel owners, financial institutions and brokers playing a key role in the global market.