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 will be in competition with itself
- Problems take toll on value of Maersk brand.
- Maersk closes major deal
- Maersk's fleet is second most valuable
- Maersk’s goals might be too optimistic
- Shipping companies have lost profit maker
- Color Line buys subsidiary company
- Sundbus Jeppe returns to Helsingør
- Clipper Group A/S deficit of 121 mio. kr.
- Danish Ship Register sets new record
- Issehoved returns to Samsø
- Prince Joachim participates in Folk Meeting


Todays Top 5



This weeks Top 10

- Maersk's fleet is second most valuable
- Maersk will be in competition with itself
- Problems take toll on value of Maersk brand.
- Østerild allowed testing 330 meter windmills
- Maersk closes major deal
- Ørsted sells last non Danish power station
Klik venligst
Klik venligst