Danish shipping shares have lost USD 7.3 billion over four years

Listed shipping shares in Denmark have lost a total of USD 7.3 billion on share value since March 2008 corresponding to a drop in value of 16.7 percent according to data collected by Danish bank, Nykredit.

Danish shipping shares are affected by the global decline within the shipping industry since the beginning of the financial crisis in 2008. However, they are not as affected as the 80 biggest listed shipping companies in the world according to the Nykredit data.

19 March 2008, the 5 biggest listed shipping companies in Denmark (the A.P. Moller-Maersk B share, D/S Norden, Torm, DFDS and Erria) had an overall share value of USD 43.9 billion and on 16 March 2012 they had dropped to USD 36.5 billion. Thus, the overall share value of the companies has dropped by 16.7 %; considerably less than the 44 % drop suffered by the 80 biggest listed shipping companies in the world. Their combined share value fell by USD 99 billion in the same period according to a Tuesday Bloomberg article.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Latest news

See all jobs