ShippingWatch

Offshore activities could turn smaller shipping companies into gold

The investment of billions in the windmill industry means that a fortune is waiting for the smaller shipping companies, says Michael Wengel-Nielsen of the Shipowners’ Association of 2010.

Photo: MH Simonsen

There is now reason for optimism concerning the future prospects for smaller shipping companies. The massive investment of billions in the offshore segment, including the windmill industry, is creating large profit possibilities for the smaller players in the shipping industry, says Michael Wengel-Nielsen, Head of the Secretariat at the Shipowners’ Association of 2010.

”Toward 2020, we are looking at a DKR 1,000 billion investment in the windmill industry, which will especially benefit the smaller shipping companies, operating smaller vessels needed for sailing people back and forth in relation to the maintenance and construction of windmills,” says Michael Wengel-Nielsen.

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