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Dramatic week for shipping and rig companies comes to a close

Coronavirus and a dispute over the oil price between Saudi Arabia and Russia triggered significant price drops on stock exchanges in the past week. Danish and Norwegian shipping and offshore shares also took a tumble. But one sector in particular saw share prices going up.

Photo: Mark J. Terrill/AP/Ritzau Scanpix

A dramatic week draws to a close on the stock and oil markets, where the coronavirus outbreak and a price war between Saudi Arabia and Russia overshadowed everything else.

Financial markets have been impacted worldwide. This includes Denmark and Norway, which are both home to some of the world's largest stock-listed shipping companies. Both countries have within the past few days imposed extraordinary corona restrictions, which see educational institutions, restaurants and major events closing down. In Denmark’s case, they have sent many employees in both the public and private sectors home to work from there.

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