Norwegian shipping companies are witnessing a significant shift as vessels increasingly leave the Norsk Internasjonalt Skipsregister (NIS).
Since the start of 2025, 50 ships have flagged out, signaling a broader trend of route risk and operational uncertainty in the sector.
Daily earnings for tankers departing the Middle East have exceeded $400,000, according to recent reports.
Gabrielle Legrand Gjerdset, a key figure in the industry, has highlighted the growing challenges.
The market implications are evident in the surge of freight rates for oil tankers, which have reached extraordinary levels due to persistent risks in critical shipping lanes.
Daily earnings for tankers departing the Middle East have exceeded $400,000, according to recent reports.
This development underscores the heightened exposure of global energy flows to geopolitical and operational disruptions.