DNB scaling down exposure to shipping and offshore

Over the past five years, one of the world's biggest banks in shipping and offshore, DNB, has quite significantly reduced its exposure to the two core business areas. And this development will continue, says the bank. Shipping in particular has been scaled down.

Rune Bjerke is CEO of DNB. This photo is not from the presentation in London. | Photo: PR-foto: Olav Mellingsæter/DNB

by TOMAS KRISTIANSEN

DNB wants better returns on invested capital, and the portfolios in offshore and shipping will play a part in achieving this goal, according to a presentation for investors hosted by the bank Wednesday in London.

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DNB: Offshore rehabilitation could stretch into 2020

Oil crisis puts pressure on DNB's Q3 results

Yet another Norwegian offshore carrier will be restructured

Sign up for our newsletter

Front page now

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs