PLANS for Denmark’s biggest shipping companies over the next 12 months remain “fairly stable”, according to a survey of 35 chief executives carried out by Danish Shipping.

That’s despite the significant geopolitical unrest and market instability that has dominated the headlines during the first five months of 2025.

The expectations for freight rates and financing opportunities were broadly unchanged, the survey showed, despite a turbulent start to the year.

Nineteen out of 24 shipping companies said they thought trade patterns would change as a result of the ongoing US-China trade war, the survey showed.

Of the 35 chief executives surveyed, 25 responded, representing more than 90% of Danish tonnage.

Danish Shipping chief executive Anne Steffensen said Danish vessels “sail where there are goods to be transported”.

“Danish shipping companies are essentially ready to invest — especially in ships that can run on alternative fuels.

“But the industry is expected to hold back a little due to the current uncertainty in global markets. This should not be viewed as permanent caution — rather as prudent foresight, given the current situation,” she said.

Since the survey was conducted, the US and China have agreed to reduce tariffs to a base of 10% for 90 days.

Steffensen said that was just one example of how volatile the market was at the moment.

“Reality today is different than it was just two weeks ago. No one knows what the future holds for global trade, but the shipping companies are not panicking. They are letting reason and patience prevail.

“Statements from the US president create uncertainty around global trade flows and thus the market in which our shipping companies operate. It can change from one day to the next.”