Danish shipping is celebrating another landmark as the Scandinavian nation’s fleet climbs the ranks. Latest statistics show Denmark has climbed to fifth spot, overhauling the United States, in the global tonnage league. The news comes just 18 months after Denmark climbed above Germany into sixth spot.

Commenting on the news Anne Steffensen, the CEO of the country’s shipowner association, said now was not a time for the local shipping community to rest on its laurels.

“The next five to 10 years are crucial to finding the way towards the CO2-neutral ship, which will be a prerequisite for continued growth in shipping. The knowledge required must come through investment from the industry, targeted research, education and innovative start-ups, which can maintain and develop the Danish merchant fleet’s position as the fifth largest in the world,” Steffensen said in a release on the Danish Shipping website.

Business minister Simon Kollerup added: “Denmark is a small country, but there are not many other countries that can compare with us when it comes to shipping. This is, of course, due to the fact that we are a nation with long proud traditions at sea, but also that in recent times we are some of those who are leading the way to ensure a green transition of shipping.”