Norwegian shipping is facing a wealth of opportunities. Economic growth in most regions of the world, not least in South East Asia, is opening up a new era for sea transport.

Norway, with a strong and competitive cluster of maritime activities offering a high level of competence and quality, is well equipped to exploit these opportunites, says Rolf Sæther, the internationally respected director of the Oslo-based Norwegian Shipowners Association.

Given our sound market infrastructure, one should draw the conclusion that we can look to the future with confidence. Regrettably, though, the recent budget compromise reached by the Norwegian government and the Labour party is a setback for all of us working in the maritime industry.

We now have a shipping policy that further widens the gap in competitiveness between shipping companies in Norway and those in Europe. For the third time in three years, national working conditions have been changed for the worse. These changes primarily affect our leading international shipowners - the ones which can best ensure continued growth and development in our maritime industry.

So what will be the consequences of this political activity?
The compromise means that new business will be established in other countries. In business ventures involving foreign interests, it is hardly likely that there will be interest in establishing operations in a country where the most prominent feature of its shipping policy is its instability. Over time, this means fewer orders for Norwegian shipyards and suppliers, less recruitment of Norwegians to maritime professions, and a weakening of our international market position.

All companies have to adapt to the market. If it is not profitable to run a business in Norway, other countries will be the gainers. The shipping industry is one of the industries that traditionally has succeeded in Norway, even though it is more expensive here than in most other countries. But if confidence in Norway as a credible, attractive, home port for maritime operations is weakened, then business will move elsewhere.

At present, the Norwegian maritime industry contributes production value of some NOK 80-90 billion per year, and provides close to 5 per cent of employment in the private sector. So it is time for the politicians to remember that Norways maritime future rests in their hands - yet again.

What should they do to guarantee that future?
The adverse budget aside, the biggest challenge for Norway as a maritime nation will be to attract foreign owners here, both individually or in co-operation with Norwegian companies. We will probably see multinational alliances in shipping as in other industries. We have the experience and expertise to take part in this development - subject to a new, long-term maritime policy.