Record investments in Danish shipping  

2008.08.15
Danish shipping companies have a record-breaking 382 new ships on order to a value of DKK 85bn
Danish shipping is surging ahead at full speed these days. New figures from the Danish Shipowners Association reveal that new ships to a record-breaking value of DKK 85bn (USD 17.6bn) are currently on order, with the tanker segment receiving particularly strong investment, writes financial daily newspaper Børsen.
 
Jan Fritz Hansen, deputy director of the Danish Shipowners Association told Børsen: "During the first six months, the Danish merchant fleet has grown by 15%. And when we add re-registering of ships to the Danish flag to those on order, the growth of the Danish merchant fleet is 20-25%."
 
Strong and continued growth in the Danish shipping industry has led to the merchant fleet doubling in size since 2000, driven by favourable conditions for the industry at home, and by the increased tonnage being shipped around the world's oceans in the wake of globalisation.
 
The figures from the Danish Shipowners Association show that as of 1 July, Danish shipping companies had 382 new ships on order, with a combined deadweight of 16 million tons. Denmark currently owns 3% of the world's ships but has 5% of the shipping contracts, meaning that Denmark is growing faster than the rest of the world as a shipping nation and is gaining market share.

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