DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

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Presentation transcript:

DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners Association

DANISH SHIPOWNERS ASSOCIATION Agenda Danish shipping Market Key challenges The future

DANISH SHIPOWNERS ASSOCIATION Danish Shipowners Association Established 1884 Trade and employers association Maritime house

DANISH SHIPOWNERS ASSOCIATION Danish Shipping Blue Denmark employs 100,000 Among five largest shipping nations Largest export industry in Denmark Around 3 % of GDP Annual investments at more than 1 billion EUR

DANISH SHIPOWNERS ASSOCIATION 10 years of growth

DANISH SHIPOWNERS ASSOCIATION Why has nobody seen the Financial Crisis coming? Answer to the English Queen from Professor Tim Besley (London School of Economics) and Professor Peter Hennessy (Queen Mary, University of London): To sum up, your Majesty, the lacking prediction of the timing, the size and the seriousness of the Financial Crisis is in principal a lack in the collective capability of intelligent people - both national and international – to understand the risks of the system as a whole.

DANISH SHIPOWNERS ASSOCIATION World Trade January 2005 = 100 Month-month change (right)Level

DANISH SHIPOWNERS ASSOCIATION Bulk rates 1. januar July January ,000 USD / day 1 January ,000 USD / day

DANISH SHIPOWNERS ASSOCIATION Product Tank Index

DANISH SHIPOWNERS ASSOCIATION What is important for the Danish Shipowners Association? Response to the crisis should not cause long term damage Finance State Aid Protectionism Aid from the Government for continuation of the Scandinavia-America Line……. is incompatible with Danish Shippings interest in the long term. This should outweigh the consideration of maintaining a Danish America Line. (Danish Shipowners Association 1935)

DANISH SHIPOWNERS ASSOCIATION 50 g CO 2 per ton per km 3 g CO 2 per ton per km Air transport 3% Shipping 3% Industry and other 36% Electricity and heating 41% Road Transport 17% Shipping is CO 2 friendly, but will be regulated

DANISH SHIPOWNERS ASSOCIATION Shipping is environmentally friendly but will be even better.

DANISH SHIPOWNERS ASSOCIATION Many other challenges Piracy Research Recruitment Ensure national and European understanding of the international character of shipping

DANISH SHIPOWNERS ASSOCIATION We will also survive this crisis

DANISH SHIPOWNERS ASSOCIATION Beginning optimism Source: IMF

DANISH SHIPOWNERS ASSOCIATION Thank you. Questions? Managing Director Peter Bjerregaard Danish Shipowners Association Amaliegade 33 DK-1256 Copenhagen K Tel: