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Rasmussengruppen sells stake in Norden: Bulk carriers give bad returns

Investments in shipping, and in dry bulk carriers especially, are a bad business over time, says Rasmussengruppen's CEO. The investor has thus sold all its shares in Danish carrier Norden.

Photo: Rasmussengruppen

Norwegian family company Rasmussengruppen sold all its shares in Norden this Friday, and the decision was based on a lack of faith in the carrier's ability to deliver returns in a challenging market.

"In our view, shipping is high risk and delivers poor returns over time. From a long-term perspective, there aren't many dry bulk carriers that have delivered strong returns," says Dag Rasmussen, CEO of Rasmussengruppen.

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