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DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September...

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DANISH SHIPOWNERS’ ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners’ Association
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Page 1: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

DENMARK AND SHIPPING

International Maritime Conference

24th September 2009

Managing Director Peter BjerregaardDanish Shipowners’ Association

Page 2: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Agenda

• Danish shipping

• Market

• Key challenges

• The future

Page 3: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Danish Shipowners’ Association

• Established 1884

• Trade and employers’ association

• Maritime house

Page 4: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Danish Shipping

• Blue Denmark employs 100,000

• Among five largest shipping nations

• Largest export industry in Denmark

• Around 3 % of GDP

• Annual investments at more than 1 billion EUR

Page 5: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

10 years of growth

Foreign ExchangeBillion DKK 1997 - 2009

0

50

100

150

200

2001 2002 2003 2004 2005 2006 2008 2009

Tonnage(1.000) TDW

4.000

6.000

8.000

10.000

12.000

14.000

16.000

2000 2001 2002 2003 2004 2005 2006 2008 2012

Page 6: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Why has nobody seen the Financial Crisis coming?

Answer to the English Queen from Professor Tim Besley (London School of Economics) and Professor Peter Hennessy (Queen Mary, University of London):“To sum up, your Majesty, the lacking prediction of the timing, the size and the seriousness of the Financial Crisis is in principal a lack in the collective capability of intelligent people - both national and international – to understand the risks of the system as a whole.”

Page 7: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

World Trade

January 2005 = 100

Month-month change (right)

Level

Page 8: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Product Tank Index

0

10

20

30

40

50

60

70

80

jan-08 feb-08 mar-08 apr-08 maj-08 jun-08 jul-08 aug-08 sep-08 okt-08 nov-08 dec-08 jan-09 feb-09 mar-09 apr-09 maj-09 jun-09 jul-09 aug-09

Page 9: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

What is important for the Danish Shipowners’ Association?

• Response to the crisis should not cause long term damage

• Finance• State Aid• Protectionism

“Aid from the Government for continuation of the Scandinavia-America Line……. is incompatible with Danish Shipping’s interest in the long term. This should outweigh the consideration of maintaining a Danish America Line.”

(Danish Shipowners’ Association 1935)

Page 10: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

50 g CO2 per ton per km

3 g CO2 per ton per km

Air transport 3%Shipping 3%

Industry and other 36%

Electricity and heating 41%

Road Transport 17%

Shipping is CO2 friendly, but will be regulated

Page 11: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Shipping is environmentally friendly but will be even better.

2008

2010

2012

2014

2016

2018

2020

2022

2024

0

0,5

1

1,5

2

2,5

3

3,5

4

4,5

5

%

year

IMO - SOx Reduction

ECA limit Global limit

Page 12: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Many other challenges

• Piracy

• Research

• Recruitment

• Ensure national and European understanding of the international character of shipping

Page 13: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

We will also survive this crisis

0

100

200

300

400

500

600

700

8001

74

1

17

62

17

83

18

04

18

25

18

46

18

67

18

88

19

09

19

30

19

51

19

72

19

93

Freight Index 1676=100

Page 14: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Beginning optimism

Source: IMF

Page 15: DANISH SHIPOWNERS ASSOCIATION DENMARK AND SHIPPING International Maritime Conference 24th September 2009 Managing Director Peter Bjerregaard Danish Shipowners.

DANISH SHIPOWNERS’ ASSOCIATION

Thank you. Questions?

Managing Director Peter BjerregaardDanish Shipowners’ Association

Amaliegade 33DK-1256 Copenhagen K

Tel: +45 33 11 40 88E-mail: [email protected]


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