Clipper Group is a privately owned company, established in 1972 as a ship operator. Since then, the company has grown to become a shipowner and an industry leader in dry bulk with substantial investments in other shipping segments as well.
Clipper Group Ltd. is the parent company, which is incorporated in the Bahamas but with main business address in Denmark and subject to full Danish taxation. The core business area of Clipper Group Ltd. is dry bulk shipping.
Clipper Group A/S is a Danish, fully owned subsidiary of Clipper Group Ltd. The primary activities of Clipper Group A/S are ferry services in Denmark (Danske Færger), ro-ro ferry services on the Irish Sea (Seatruck Ferries), commercial and technical management as well as administrative services for other companies in the Clipper Group.
Clipper Group Ltd. also has local subsidiaries in a number of other countries where we have activities and offices, e.g. the US, Brazil, Colombia, Singapore and India.
Clipper and the Bahamas
Prior to 2009, Clipper Group had its headquarters in Nassau on the Bahamas, where part of our management team were located at the time. However, in 2009, Clipper moved its headquarters to Denmark, where framework conditions for shipping companies had improved significantly. Clipper Group Ltd. thereby also became subject to full Danish taxation, and the Danish tax authorities have full insight into our financials.
Clipper Group Ltd. is, however, still corporately registered on the Bahamas, which means that we are not obliged to publish our results. We see this as a competitive advantage.
Today, Clipper Group has a small office in Nassau. In addition, a number of our vessels are flagged from the Bahamas, and we have close cooperation with the Bahamian flagstate.