Major war could leave Denmark with $1bn commercial shipping losses in first year, paper warns

Denmark announces £680 billion war insurance to protect merchant fleet

Estimated reading time: 2 minutes On 1 May, Denmark announced a bill that would provide full insurance for its merchant ships in the event of a major war. The plan, which will be presented to the Danish Parliament in October of this year, will establish a state-backed insurance plan that will protect the country’s shipping industry from geopolitical uncertainty. The plan was proposed by Danish Business Minister Morten Bødskov and aims to protec…

Major war could leave Denmark with $1bn commercial shipping losses in first year, paper warns

Bleak message is included in consultation document for new law that proposes state-backed war risks scheme