ShippingWatch

More Danish ships are sailing under foreign flags

The number of Danish ships sailing under foreign flags has increased steadily since 2004, according to data from the Danish Tax Authority, SKAT. This shows that the Danish shipping companies are taking their business to where the growth is, says Jan Fritz Hansen, vice president of the Danish Shipowners’ Association.

Danish shipping companies are increasingly sailing under foreign flags in countries outside the EU, even though the attractive tonnage tax introduced in 2004 was specifically made to ensure that Danish shipowners would keep and expand their fleet in the Danish International Ship Register (DIS).

ShippingWatch has collected data from the Danish Tax Authority, SKAT: a table that shows the distribution of reported owned net tonnage, which shows that the number of Danish-owned ships under the tonnage tax has seen a steady percentage drop since 2004, or roughly since the system of state subsidies was introduced in Denmark with the EU Commission’s approval.

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