ShippingWatch

Thome sees great opportunities in German shipping

German shipping, especially Hamburg, holds a massive potential for Thome Ship Management's new branch in Denmark, says managing director Stig Holm, though the challenge right now is to make it possible to operate foreign-owned ships under Danish flag.

Getting access to operating foreign-owned ships under Danish flag and tonnage tax opens up for great opportunities for Thome Ship Management's new Northern Euroepean base in Copenhagen, Denmark, not least because of the geographical proximity to the Hamburg region and German shipping, where the banks are holding a considerable number of ships from the struggling KG funds.

"In the very short term, we'd like to be awarded a Danish Document of Compliance (DOC), so that we can manage ships under Danish flag. Briefly put, the challenge is whether we can get the DOC before we get the ship, or whether we need the customer in order to get the DOC. We're discussing this with the Danish Maritime Authority, but it would enable us to operate ships under Danish flag. There are foreign shipowners who'd like to get under the Danish flag due to the Danish tonnage tax rules," says Stig Holm, maanaging director of Thome Ship Management in Denmark, to ShippingWatch.

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