The European offshore activities vessel landscape presents notable variances per nation. Norway leads with 53.76 million gross tonnage, followed by the United Kingdom at 30.98. Norway's fleet grew by 3.65% in 2023, while the UK's slightly contracted by 2.03%. Germany's growth spiked by 112.54%, albeit smaller in total tonnage, indicating emerging interest. Italy and Ireland showed significant upticks of 53.03% and 38.84%, respectively. Notably, the Netherlands recorded a 6.11% increase, signaling steady expansion. The market's compound annual growth rate hints at robust development, although countries like Portugal and Lithuania saw declines.
Future trends could include increased investments in offshore renewable energy, potentially boosting vessel numbers across Europe, especially in countries with smaller fleets. Watch for technological advancements and regulatory shifts impacting vessel operations, fostering varying degrees of growth across nations.
Top countries in Number of Offshore Activities Vessels by Country
| # | 10 Countries | Thousand Gross Tonnage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 53,760 | 2023 | +5.15% | +3.65% | View data |
| 2 | 2 United Kingdom | 30,980 | 2023 | +1.35% | -2.03% | View data |
| 3 | 3 Netherlands | 8,770 | 2023 | +6.48% | +6.11% | View data |
| 4 | 4 Germany | 2,000 | 2023 | +12.84% | +112.54% | View data |
| 5 | 5 Italy | 898 | 2023 | +8.45% | +53.03% | View data |
| 6 | 6 Cyprus | 639 | 2023 | +17.46% | +0.8% | View data |
| 7 | 7 France | 524 | 2023 | +2.95% | +7.44% | View data |
| 8 | 8 Portugal | 138 | 2023 | +12.2% | -9.39% | View data |
| 9 | 9 Ireland | 129 | 2023 | +3.2% | +38.84% | View data |
| 10 | 10 Croatia | 50 | 2023 | -3.85% | -2.92% | View data |
