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Danish shipowners: Decline in currency earnings and tonnage in 2013

The Danish Shipowners' Association expects a decline in foreign currency earnings and a decline in tonnage in 2013. The developments should be seen as a sign of adapting, which will be healthy in the long term, says vice president Jan Fritz Hansen in an editorial on ShippingWatch.

Even though Danish shipping has never controlled more tonnage than it does today, the crisis of the last five years in shipping has not gone unnoticed. According to preliminary estimates from the Danish Shipowners' Association, it looks like Danish shipping will have to forfeit the 4th place on the list of the world's biggest maritime nations to Germany in 2013, measured by the size of the controlled fleet.

"We expect a decline at around five percent on foreign currency earnings in 2013 compared to last year, which means that it will probably land around USD 32.9 billion in 2013. Additionally, we'll see a decline in tonnage of around five percent, down from the current approximately 90 million dead weight tons," writes Jan Fritz Hansen, vice president of the Danish Shipowners' Association, in an editorial on ShippingWatch, Thursday.

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