Shipping attorney: Singapore’s flag is red hot

The Danish International Ship Register (DIS) is internationally competitive as a flag register, but there are strategic considerations involved – and perhaps a little psychology too – when major Danish shipowners move their ships to Asia, says shipping attorney Mathias Steinø, Hafnia Law.

Photo: Hapag-Lloyd

Singapore is very much a hot spot for Danish and international shipping companies, and it is very attractive to the shipping industry as a whole. The Hong Kong ship register has also grown a lot these past years, says attorney Mathias Steinø of Hafnia Law. He won’t deny that the massive focus on Singapore, in particular, could have a certain psychological effect on shipowners, as many of them are moving their ships out there.

“For shipowners who trade a lot in China, there might be a positive effect of having ships registered in Hong Kong, a register that is also growing. The same goes for Singapore. It is very much a hot spot for shipping, with a lot of activity there. That’s why it could be of great value to the shipping companies to have a presence in Singapore, which is red hot right now,” says Mathias Steinø.

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

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Related articles

Latest news

See all jobs