Danish Ship Finance’s loan book decreased in 2024 after clients continued to prepay loans.

The loan portfolio fell to DKK 27.4bn ($3.84bn) last year from DKK 32bn at the end of 2023.

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“Despite intense competition and shipowners’ lower-than-normal financing requirements, we welcomed nine new clients in 2024 and lending continued apace with DKK 8.3bn