Danish Shipping in the 21st Century (eBook)

Navigating Troubled Waters

Martin Jes Iversen, Jesper Buhl (Autoren)

eBook Download: PDF

2020 | 1st ed. 2020
IX, 78 Seiten
Springer International Publishing (Verlag)
978-3-030-43324-6 (ISBN)

Infos

Spurred by global macro-economic shifts, commercial and financial turbulence, as well as technological leaps in the early years of the new millennium, the Danish shipping industry has changed dramatically since the turn of the century. This book provides a new understanding of how rapid business environmental changes frame strategic choices and industry structures. The authors combine a conceptual chapter with three selected business history cases to apply a methodical approach to their study. Together, the five chapters unveil patterns in the development of Danish shipping which are historical and, at the same time, consider questions that address the present situation and the challenges of our time. In other words, this short book uses history for the purpose of understanding the present and to develop thinking for the future.

Martin Jes Iversen is Associate Professor at the Department of Strategy and Innovation, and Vice Dean of International Education at Copenhagen Business School, Denmark. His research interest is in the development of trans-national companies after 1945 in Northern Europe with focus on shipping in particular business models and digitization after 1990. Martin Jes Iversen has been the author or co-author of international books such as 'Creating Nordic Capitalism' (2008) and 'Global Shipping in Small Nations' (2011) and has published international journal articles in Business History, Business History Review, Scandinavian Economic History Review and International Journal of Maritime History. 

Jesper Buhl is owner of BullPositions: a company specialized in research and analysis of the commodity trade flows relevant for commercial dry bulk operation. He also serves as External Lecturer and Researcher at Copenhagen Business School, Denmark. Jesper has worked as Editor for online and print publications with focus on the dry and wet shipping markets at Danish industry newspaper Søfart between 2014-2016. In 2013-2014, he served as Group CEO Communication Manager at Maersk Group, and provided inputs to the Group CEO's external communication on global themes and current topics related to the strategy for an international conglomerate in shipping and energy. He served as Commercial Analyst at the Danish utility company DONG Energy 2009-2011, with a focus on gas infrastructure project development and as consultant economist at the Danish consultancy Rambøll. 

Inhalt

Acknowledgments 6
Contents 7
List of Tables 8
1 Danish Shipping in the 21st Century 9
A Paradigmatic Shift 9
Danish Shipping Two Decades into the 21st Century 13
The 12 Newcomers in Danish Shipping 18
Baltnav 19
Celsius Shipping 19
Christiania Shipping 20
Evergas 21
Falcon Marine 22
Integrity Bulk 23
Navigare Capital 23
Navision Group 24
Nordic Bulk Carriers 24
Thorco Projects/Thorco Bulk 26
XO Shipping 26
Patterns of Innovation Among the Newcomers 27
References 30
2 Hafnia Tankers—Setting Out for the Long Run 34
Setting the Stage 34
A Decisive French Lunch 36
Tankers Inc. 38
The Path Towards Owned Vessels 38
Capital-Light Version 40
Fear of Being Left at the Platform 40
The Lauritzen Tankers Opportunity 41
Time Was at the Essence 42
Return to the Future 44
References 45
3 Norden: The Critical China Note 47
New Captain at the Helm 47
Long on History 48
The China Note 50
Not Typically Danish 51
A Cultural Revolution 52
Management Slim Down 52
Focus and Simplicity 53
Measure of Operator Performance 54
Legacy Cost 55
References 56
4 Maersk: Steering Clear of the Commodity Trap 58
The Guiding Star 59
Svendborg and Around the World 59
From Two to Four Legs 60
Stock and Shareholders 62
Facing Two Disruptions 63
A Self-Inflicted Vicious Circle 65
Assets as Liabilities 66
The Return of the Integrator 67
References 69
Conclusion 71
References 74
Glossary of Key Shipping Terms 75
Index 78

Produkt-Details

• Erscheint lt. Verlag: 6.5.2020
• Reihe/Serie: Palgrave Studies in Maritime Economics
• Reihe/Serie: Palgrave Studies in Maritime Economics
• Zusatzinfo: IX, 78 p. 2 illus., 1 illus. in color.
• Sprache: englisch
• Themenwelt: Technik ► Bauwesen
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: chemical tanker cluster • containerized business activities • Container Shipping • Danish shipping industry • dry bulk operation • Maritime Economics • Maritime History • shipping innovation, transport and logistics
• ISBN-10: 3-030-43324-2 / 3030433242
• ISBN-13: 978-3-030-43324-6 / 9783030433246