Shipping 2026

DENMARK Law and Practice Contributed by: Johannes Grove Nielsen, Camilla Søgaard Hudson, Lars Rosenberg Overby and Malthe Hersom Kløft, Bech-Bruun

Recent years have seen a growing emphasis on sustainability in ship financing, with Danish lenders increasingly offering green loans and requiring ship- owners to comply with stricter environmental stand - ards. 2.2 Ship Leasing Denmark is experiencing an increase in the size of the ship leasing market, driven by demand for envi - ronmentally conscious vessels and a wider focus on sustainable shipping practices. Private equity investors play a role in the Danish ship financing market. Sale and leaseback transactions are common, and in the firm’s experience, Chinese leas - ing houses are also becoming more prevalent in the market. The key differences between a lessor/lessee relation - ship and a lender/borrower relationship are that under a lessor/lessee arrangement, a charterparty is usually entered into, providing the key terms with respect to the lessee’s rights to use the ship, and with the les - sor being the ship owner. Such terms are usually not required under a lender/borrower relationship, as the borrower will usually be the ship owner. In Denmark, enforcement of ship mortgages and lease defaults is handled by the Bailiff’s Courts within the City Courts. There is no differences in the treatment or enforcement. 3. Marine Casualties and Owners’ Liability 3.1 International Conventions: Pollution and Wreck Removal Denmark is a party to the following international con - ventions on pollution: • the 2010 Protocol to the International Conven - tion on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea; • the 2009 Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships;

• the 2004 International Convention for the Control and Management of Ships’ Ballast Water and Sedi - ments; • the 2003 Protocol to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (the “Sup - plementary Fund”); • the 2001 International Convention on Civil Liability for Bunker Oil Pollution Damage; • the 2001 International Convention on the Control of Harmful Anti-fouling Systems on Ships (AFS); • the 2000 Protocol on Preparedness, Response and Co-operation to Pollution Incidents by Hazardous and Noxious Substances (“OPRC-HNS Protocol”); • the 1997 Protocol to amend the International Con - vention on Prevention of Pollution of Ships; • the 1996 International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea; • the 1992 Convention on the Protection of the Marine Environment of the Baltic Sea Area; • the 1992 International Convention on the Establish - ment of an International Fund for Compensation of Oil Pollution Damage; • the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage; • the 1990 International Convention on Oil Pollu - tion Preparedness, Response and Co-operation (OPRC); • the 1972 International Convention on Prevention of Pollution of Ships; • the 1978 Protocol relating to the International Con - vention on Prevention of Pollution of Ships; • the 1972 Convention on the Prevention of Marine Pollution by Dumping of Wastes and Other Matter (LC) (and the 1996 London Protocol); and • the 1969 International Convention relating to Inter - vention on the High Seas in Cases of Oil Pollution Casualties. Regarding wreck removal, Denmark is a party to the 2007 Nairobi International Convention on Removal of Wrecks.

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