Danish shipping companies are carrying 10 per cent of the world trade every day and this share will grow to 15 per cent over the next five years, estimate Danish shipping people and Danish Shipowners’ Association, writes Børsen Business Daily.
The shipping company Torm has started this year’s acquisition wave with the acquisition last week of the US shipping company OMI together with the Bahamas-based shipping company Teekay for EUR 1.3 billion. Also the shipping company J. Lauritzen is ready to go on a spending spree while its competitor Norden is considering the possibility.
”We would really like to make acquisitions and we have enough capacity. However, the most important thing is timing and finding a company. We have approximately one billion dollars to play around with," says general manager Torben Janholt in J. Lauritzen.
At the shipping company Norden, the general manager is somewhat more cautious: ”With our present solid balance growth by acquisition is not at all unthinkable."
At A.P. Møller-Mærsk they are holding back on acquisitions within container carriers after last year’s billion loss and are now trying to make money after the acquisition of the huge Dutch shipping company P&O Nedlloyd in 2005.
”The majority of growth will first and foremost be through acquisitions and an increase in the number of inchartered ships,” says vice director Jan Fritz Hansen from Danish Shipowners’ Association. Danish shipping companies today control a fleet of 50-55 million tons deadweight of which 30-35 million tons are tonnage inchartered.
The shipping company Torm has started this year’s acquisition wave with the acquisition last week of the US shipping company OMI together with the Bahamas-based shipping company Teekay for EUR 1.3 billion. Also the shipping company J. Lauritzen is ready to go on a spending spree while its competitor Norden is considering the possibility.
”We would really like to make acquisitions and we have enough capacity. However, the most important thing is timing and finding a company. We have approximately one billion dollars to play around with," says general manager Torben Janholt in J. Lauritzen.
At the shipping company Norden, the general manager is somewhat more cautious: ”With our present solid balance growth by acquisition is not at all unthinkable."
At A.P. Møller-Mærsk they are holding back on acquisitions within container carriers after last year’s billion loss and are now trying to make money after the acquisition of the huge Dutch shipping company P&O Nedlloyd in 2005.
”The majority of growth will first and foremost be through acquisitions and an increase in the number of inchartered ships,” says vice director Jan Fritz Hansen from Danish Shipowners’ Association. Danish shipping companies today control a fleet of 50-55 million tons deadweight of which 30-35 million tons are tonnage inchartered.