According to the Maritime Value Creation Report 2026 by Maritimt Forum, the sector employed more than 89,000 people in 2025. Shipyard revenues are far higher than expected, and over half of 2025 deliveries are ordered by foreign owners, signalling renewed competitiveness and strong export growth.
A complete value chain
This momentum is clearly reflected in Møre og Romsdal County, where the maritime industry is deeply rooted in regional identity, employment and economic development. The cluster generates around NOK 25 billion in annual value creation and employs more than 13,000 people, representing one in six maritime jobs in Norway. Its strength lies in a complete value chain spanning shipowners, shipyards, suppliers, and educational and financial institutions. The companies deliver advanced technologies worldwide, reinforcing the region's position as a leading innovation hub.
Communities sustained by maritime expertise
Across the region, more than 20 shipyards are in operation, from specialised newbuild and aftermarket yards like Ulstein Verft to a wide range of small‑ and medium-sized repair yards. At Ulstein’s headquarters alone, several companies work side by side, including Ulstein Elektro Installasjon, Ulstein Design & Solutions AS, Ulstein Power & Control and Ulstein International. In the municipalities of Ulstein, Haram and Herøy, the maritime sector employs over 4,000 people and forms the backbone of local communities. In Ålesund, the region’s largest town, over 3,300 maritime professionals generate turnover exceeding NOK 26 billion. A 2023 economic impact analysis estimated that the sector's annual tax revenues in Møre og Romsdal exceeded NOK 7 billion.
Stronger orderbooks create stability and confidence for the future. Investments in green shipping, offshore wind and the planned construction of 28 standardised naval vessels, with export potential to NATO partners, offer significant new opportunities. With deep competence, adaptability, and global competitiveness, the maritime industry in Møre og Romsdal is well positioned for what lies ahead.
