Klik venligst
danmarks-rederiforening.gif

Shipping companies have lost profit maker

Shipping companies have lost profit maker

06-06-2018 15:00:00


The highly pressured shipping companies have lost the opportunity to make large amounts of money from the purchase and sale of ships, which has for many years been the source of billion kroner incomes.

It is a more transparent market in the shipping industry, which is reducing opportunities in this area, writes Danish business paper Finans.

According to Peter Sand, Chief Analyst of Bimco, the largest form of income in international shipping derived from the purchase and sale of ships, and not from shipping goods.

Ships and stocks in ships are usually sold for cheap during bad times and are re-sold for large prices when the market turns for the better. Danish shipping company D/S Norden is one of the companies who have made large profits on this scheme. According to Finans, between 2005 and 2009 the company earned 4.5 billion Danish kroner, calculated in today's dollar exchange rate.

"This was during better times, when China was really booming and there could be earned a lot of money from it. I agree that this will not be happening again. I do not believe that we will see such a strong market again. Therefore, it is necessary to focus on something other than buying and selling ships, "says Jan Rindbo, CEO of D/S.


Klik venligst

< Front page

Copyright © Maritime Denmark



Breaking News

- Maersk in Sustainable Growth partnership
- DFDS: Postponed Brexit is good news
- DFDS’ service on Kiel–St Petersburg ceases
- Svitzers first all-female crew
- Norden invests in West African region
- Torm posts 35 million dollar loss in 2018
- Maersk Supply secures contract with Total
- Erria lost 19,3 mio. kr. i 2018
- EVP Henrik Holck to leave DFDS
- Norden netprofit of 28.8 mio. dollar
- DFDS CEO Niels Smedegaard steps down
- Frigate at Semco Maritime Hanøytangen


Todays Top 5

- Maersk in Sustainable Growth partnership


This weeks Top 10

- DFDS’ service on Kiel–St Petersburg ceases
- Maersk in Sustainable Growth partnership
- Semco Maritime wins Tyra order
- Maersk completes sale of Total shares
- Roxtec awarded for its quality work
- DFDS: Postponed Brexit is good news
- OSK: Third international design award
Klik venligst
Klik venligst