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"I'd be very disappointed if we don't make returns of plus 20 percent annually"

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.

Former Norden and BW Group CEO Carsten Mortensen is now chief executive of fund Dee4 Capital. | Photo: Mathias Svold/Jyllands-Posten/Ritzau Scanpix

BY

After years of miserable returns, a series of investors and shipping profiles now eye the potential for solid returns on ship investments.

Carsten Mortensen, former CEO of shipping companies Norden and BW Group, has raised DKK 485 million (USD 71.4 million) from 20 investors for the first fund under his recently launched private equity company Dee4 Capital.

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