The Norwegian merchant fleet according to the Dutch newspaper Algemeen Handelsblad evening edition dated 1 February 1929

The Norwegian shipping suffered severely in that period. So were for instance in March of that year 200 ships with at total deadweight of 400,000 tons laid up. About 100 ships of 500-1,000 tons were sold to Sweden, Finland and Latvia where the costs were less in maintaining these ships in service. At the same time was the merchant fleet thoroughly modernized. Around 730 ships with a total BRT of more as 1,000,ooo tons were since 1919 added to the fleet with as total costs 50,000,000 pound sterling. At the end of last 1928 was for Norwegian account all ready building or ordered to be build a total capacity of 283,000 tons of which sadly enough just 8% on Norwegian shipyards. Dealing with the tankers was 600,000 tons flying the Norwegian flag with another 100,000 tons being build at foreign shipyards mostly in England.