Aker's investments decline in value

The value of the Aker group's investments, which cover several large oil and shipping companies, declined for the second consecutive quarter. "Our portfolio is exposed to volatile industries," chief executive says.

Øyvind Eriksen is chief executive of the Aker group, which is owned by Norwegian magnate Kjell Inge Røkke. | Photo: PR / Aker/© Ilja C. Hendel | | +47 90855081

The oil industry's dificulties this autumn is now also rubbing off on the Aker group, which covers several investments in offshore and shipping.

The group is owned by Norwegian magnate Kjell Inge Røkke and has major shareholdings in well-known companies such as Aker BP, Kvaerner, Aker Solutions and Ocean Yield.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs