Denmark: Survey indicates optimism in shipping sector

16.08.2017

Denmark: Survey indicates optimism in shipping sector
Jyllands-Posten, 16 Aug 2017, 34:-
The Danish shipping industry has been struggling with poor profitability and over-capacity for many years. However, a new survey conducted by trade organisation the Danish Shipowners Association among heads of Danish shipping companies shows that the companies are now more positive about future prospects. 24 of the 28 Danish heads said in the survey that they expect turnover growth in the next 12 months. The majority of them also forecast a positive development in freight rates and they also expect to hire more staff.
CEO of Danmarks Skibskredit, Erik I. Lassen, however, points out that there are still too many ships in the market.
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