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Danish Shipping in the 21st Century

In: Danish Shipping in the 21st Century

Author

Listed:
  • Martin Jes Iversen

    (Copenhagen Business School)

  • Jesper Buhl

    (Copenhagen Business School)

Abstract

The structures and strategies of Danish shipping are changed by the turn of millennium. The second half of the twentieth century had been marked by the dominance of a few old shipping companies such as Maersk, JL, EAC, Torm and Norden founded in the second half of the nineteenth century. These companies continued to be important but after the year 2000 they changed the strategic course towards a focus on shipping activities at the expense of diversification and vertical integration (including ownership of shipyards). The old shipping companies were supplemented by a new group of companies which used three pathways to survive the challenging market circumstances of the 21st century: the asset light operation of dry bulk carriers, exploitation of the personal networks of experienced shipping people and finally the definition of financial and strategic niches. As a result of the dynamic mixture of old and new shipping companies, Danish shipping developed to become one of the worlds five largest operators of commercial vessels during the first two decades of the 21st century.

Suggested Citation

  • Martin Jes Iversen & Jesper Buhl, 2020. "Danish Shipping in the 21st Century," Palgrave Studies in Maritime Economics, in: Danish Shipping in the 21st Century, chapter 0, pages 1-25, Palgrave Macmillan.
    • Handle: RePEc:pal:psmchp:978-3-030-43324-6_1
    DOI: 10.1007/978-3-030-43324-6_1
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