Homeowners cause major loss for Danish Ship Finance

Danish Ship Finance has incurred a major loss from its investments in 2019, cutting a significant portion off the final result. The cause is real estate owners' massive conversions of mortgage bonds.

Photo: PR/Danmarks Skibskredit

What do Danish homeowners have to do with the financial result of Danish Ship Finance and, ultimately, how many funds flow into start-ups and development of new products in the maritime world?

Quite a lot in 2019, according to the financial statement of the specialized bank, which since 1961 has handled financing for, especially, Danish maritime businesses by issuing bonds.

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