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Dee4 Capital increases profit despite squeezed tanker market

Dee4 Capital Partners, chaired and co-founded by former Norden and BW Group CEO Carsten Mortensen, presents a large profit from private equity fund with its portfolio of product tankers. Investors receive major dividend payouts.

Photo: Mathias Svold/ERH

Former CEO of Norden and BW Group Carsten Mortensen has managed to ensure a large profit in Dee4 Capital Fund I last year despite the squeezed tanker market, according to the annual report of Dee4 Capital Fund I, just published via the Danish Central Business Register.

The fund, established in 2019 by 20 investors bringing capital of USD 72m, owns a fleet of five MR tankers.

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