Denmark 2019 Denmark 2019 | Page 13

“E ven the largest avalanche is triggered by small things”. These words of a renowned American science fiction author shed light on a real life juxtaposition that is a living embodiment of Denmark and its maritime industry. Even though Denmark is 76 times smaller than India and has a population that roughly equals the Indian city of Hyderabad, the country has taken the global maritime industry by storm. However, the arrival of Denmark as a great player on the global maritime stage has been nothing like a sudden, fast moving avalanche. Seafaring has been a part of Danish DNA since the Viking longboats revolutionized shipbuilding technology allowing them to travel greater distances than anyone before them. Maritime transport has been a vital source of income in Denmark since the Viking era and it is still growing hand- in-hand with increasing international trade. Today, almost 5 pct. of global trade is transported by the Danish merchant fleet, which contributes significantly to the Danish economy. Denmark’s considerable role in the international shipping industry is illustrated by the fact that every 15 minutes a Danish operated ship arrives or departs from a port somewhere in the world. The ships are carrying goods to and from countries at different steps on the world economic ladder. To be precise, Denmark is the world’s 6th TOP TEN OPERATOR largest in terms of NATIONS (GT) operating tonnage and 1. Greece 158,212,563 12th largest in terms 2. Japan 126,041,407 of owned tonnage. 3. China 107,303,798 4. Singapore 101,885,867 These figures makes 5. USA 64,208,970 Denmark one of 6. Denmark 62,881,785 the world’s leading 7. Germany 58,802,259 maritime nations. 8. South Korea 53,970,712 What is interesting to 9. Hong Kong 51,207,019 10. UK 50,827,133 know is how a small country of 5.8 million Source: IHS/SEAWEB (less than 0.1% of world’s population) has been able to achieve such a feat. The answer lies in a model known as “Danish Maritime Cluster” where the industry cooperates across various stakeholders including academia, government ministries and private players. Peerless Growth Model - Danish Maritime Cluster Danish Maritime Cluster is a big part of Denmark’s economic success story. It is often referred to as Blue Denmark, and it has created jobs for almost 110.000 Danish nationals – directly and indirectly. Additionally, it accounts for 20% of the national GDP while Danish maritime companies account for approximately one-fourth of Denmark’s total exports. This is a significant contribution from one single industry, which clearly elucidates its importance in the Danish maritime landscape. Blue Denmark consists not only of ship-owners and shipping companies but it also has a strong position within maritime services; shipbrokers, shipyards, supplying equipments, components and service to ships, etc. whose activities derive from international and Danish shipping and offers high-tech and green solutions to shipping and offshore industry. The Danish maritime technology industry is famous for its quality products and its innovative technological solutions. 13