The Lauritzen Foundation puts numbers on its investment in Dee4 Capital Partners' first shipping fund. Dee4 was founded last year by former Norden CEO Carsten Mortensen and is backed by several prominent investors.
Carsten Mortensen is trying to navigate the challenging shipping sector to produce sizeable returns for his high-profile investors. "The minute you think you can figure it out, you've lost," says the former Norden CEO, who has himself invested DKK 17 million in his new fund.
Maritime investment fund Dee4 Capital Partners, led by Carsten Mortensen, takes delivery of its first two product tankers. The fund previously informed that it has entered agreements on three vessels in total.
In addition to the shipping companies having to fight their way through increasingly powerful storms that delay shipping and shut down ports, bad weather and climate change have also become a lucrative business. StormGeo's growth will now go full throttle, Chairman Carsten Mortensen tells ShippingWatch.
There are prominent business people as well as a surprising name of a family-owned company among the 17 investors that have already placed money in Carsten Mortensen's new investment fund. Former Maersk CEO is among the major investors. Find the rest here.
The former CEO of BW Group, Carsten Mortensen, launches a shipping fund backed by 17 investors. Several prominent shipping professionals are already part of the fund, which aims to reach USD 100 million this year.
In addition to BW Group CEO Carsten Mortensen stepping down, the 52 year old shipping man is also bidding farewell to chief executive positions after 14 years. ShippingWatch has interviewed him about his plans and experiences after heading the Singapore-based group for three hectic years.
BW Pacific, which is in the midst of establishing a new global office in Copenhagen, has picked the first name for its new team after appointing CEO Tina Revsbech. A manager from a competitor which BW Group CEO Carsten Mortensen is very familiar with.
BW Pacific has shelved its plans for an IPO on the Oslo Stock Exchange. The climate was just not right BW Group CEO Carsten Mortensen tells ShippingWatch. But he is not completely ruling out such a move.
Product tanker carrier BW Pacific has opted in a surprise move to withdraw its planned IPO on the Oslo Stock Exchange after the carrier has failed to raise the projected USD 250 million. BW Pacific points to volatile markets and a weak Norwegian krone as decisive factors.
Nordens nye CEO, 41-årige Jan Rindbo, har taget fat på at udforme en forretningsplan, der på flere måder gør op med rederiets hidtidige tre-års strategier. ShippingWatch har interviewet Rindbo om Nordens nye mål.
Oslo-listed BW Offshore was impacted by the decline in the oil price in both revenue and profits in the first quarter this year. Long-term contracts ensure that the company will not suffer big losses, notes management.
Oslo-noterede BW Offshore mærkede olieprisens fald på både omsætning og indtjening i første kvartal i år, ligesom en dødsulykke ombord på et af selskabets skibe trak udgifterne op. Langsigtede kontrakter sikrer, at selskabet ikke taber stort, lyder det fra ledelsen.
Norden's former CEO, Carsten Mortensen has settled into his office at BW Group's headquarters in Singapore. The main task ahead will be to create growth in the gas-dominated group. ShippingWatch paid a visit to one of the world's largest shipping groups.
Nordens tidligere CEO Carsten Mortensen er på plads i sit kontor i BW Groups hovedsæde i Singapore. Opgaven bliver frem for alt at skabe vækst i det gas-dominerede shippingselskab. ShippingWatch har besøgt en af verdens største rederigrupper.
Flere ledende shippingfolk på Sea Asia ser en farlig tendens til, at rederier bliver alt for snævert fokuseret på f.eks. et undersegment som LR eller Suezmax. Flere børsnoteringer ses som en af grundene.