rss icon Subscribe
desktop mobile

Rasmussengruppen Sells Stake in Norden

Photo: Norden A/S

By Aiswarya Lakshmi

Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden.

A press statement said: "In accordance with section 29 of the Danish Securities Trading Act, it is hereby informed that Dampskibsselskabet Norden A/S has received an announcement from Rasmussengruppen AS stating that Rasmussengruppen AS has sold their shares in Dampskibsselskabet Norden A/S."
The company's share capital consists of 42,200,000 shares of DKK 1 each, amounting to DKK 42,200,000. Rasmussengruppen was the second biggest investor in Norden, after Danish company A/S Motortramp on 28.08%.
Norden operates one of the industry's most modern, flexible and competitive fleets globally within the dry cargo and tanker vessel types. Norden was founded in 1871 and is one of the world's oldest listed ship owners.
Rasmussengruppen AS owns and operates tankers and provides marine transportation services. It has strategic alliances with GC Rieber Shipping ASA. The company was founded in 1936 and is based in Kristiansand, Norway. Einar Rasmussen is the Chairman and Chief Executive Officer of the company.

Dec 3, 2017

 

Bulk Carriers

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

WE Tech Equips World’s First Dual-fuel Handysize Bulker

The first LNG dual-fueled handysize bulk carrier in the world, M/V Haaga, features a range of energy efficiency solutions on board (Photo: ESL Shipping)

The world’s first liquefied natural gas (LNG) dual-fueled handysize bulk carrier, M/V Haaga

Olmsted: Online & Open

A USACE rendering of the Olmsted lock area infrastructure (Credit: US GAO)

After more than 30 years of frustratingly slow progress, cost overruns and more than a few mistakes

Finance

INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.

John Rynd / President , CEO and Director, Tidewater Inc.

Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics.

Suez Canal Revenues Jump in August

© Carabay / Adobe Stock

Egypt’s Suez Canal revenues rose to $502.2 million in August up 6.7 percent from the same period

Odfjell Finalizes Sale of Rotterdam Tank Terminal

(Photo: Odfjell)

Norwegian shipping and tank terminal company Odfjell SE announced on Thursday that it has

Maritime Apps