The Shipping Index at the Oslo Stock Exchange performed well in the quite summer month of July, rising 2.7 percent, and thus again lifting the maritime sector of shipping, offshore and cruise shares above the levels of year-end 1999. Within the sector, 29 shares rose during the month, while only 12 decreased in market value. Among the offshore stocks, Nortrans Offshore (NOL) were again strong, as in May, after a 10 percent fall in June. With a rise of 23 percent it ended as the month's winner. Also Havila Supply (HAV) rebounded strongly from a rather poor June performance, while Northern Offshore (NOF) only continued its upward trend.