International shipping companies set course for Denmark  

2007.05.14
Denmark's Minister for Economic and Business Affairs, Bendt Bendtsen, says several shipping companies are on their way to establish businesses in Denmark
The Danish government is aiming to make Denmark Europe's most attractive location for international shipping, and according to the Minister for Economic and Business Affairs, Bendt Bendtsen, several shipping companies are on their way to establish businesses in Denmark. The news was jointly announced by Mr. Bendtsen and the Minister for Foreign Affairs, Per Stig Møller, at a press meeting last week.
 
Bendt Bendtsen declined to disclose any details, but financial daily newspaper Børsen writes: "A good guess is that one of the shipping companies which could be on its way to Denmark is the Bahama-based tanker company Teekay, headquartered in Canada, which together with the Danish shipping company Torm recently acquired the US competitor OMI."
 
The chairman of Danish Shipowners' Association, Torben Janholt says: "Japanese shipping companies in particular are very interested in Denmark, and it would be very satisfying to attract a major Japanese shipping company to Denmark."
 
The Danish merchant fleet currently handles 10% of the world's shipping trade, a market share which is expected to increase to 15% in a few years. The average age of the Danish merchant fleet is seven years, compared to a world average of about 13 years. The newbuild programme comprises almost 300 ships on order for delivery over the next few years. The news was reported by financial daily newspaper Børsen.
 

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