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Danske Bank: The shipping industry is still facing challenges

Depreciation of shipping activities still accounts for a good deal of Danske Bank’s half-yearly results, which reveal that write-offs pertaining to the shipping industry accounted for 3.4 percent of lending and securities.

Photo: Lars Krabbe, Jyllands-Posten

Today, Danske Bank delivered a pleasant surprise when the Danish bank published its half-yearly results of 4.1 billion kroner before taxes and 2.3 billion kroner after taxes.

However, the results also reveal that lending to the shipping sector continues to adversely affect the accounts. As the bank writes, the shipping industry is “still facing challenges”.

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