Danish Shipping in the 21st Century

Martin Jes Iversen () and Jesper Buhl
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Martin Jes Iversen: Copenhagen Business School
Jesper Buhl: Copenhagen Business School

Chapter Chapter 1 in Danish Shipping in the 21st Century, 2020, pp 1-25 from Palgrave Macmillan

Abstract: 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.

Keywords: Innovation; Cluster; Market entry; Opportune timing; Focus and diversification (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psmchp:978-3-030-43324-6_1

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DOI: 10.1007/978-3-030-43324-6_1

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