ShippingWatch

Norwegian shipping companies growing on the stock exchange

The Norwegian carriers and maritime businesses grew 6 percent on the Oslo Stock Exchange in the first half of the year. An improvement, though not as big as other sectors, pulled up by Statoil.

Et af Western Bulks skibe

The Norwegian maritime businesses saw improvements in the first half of 2014, at least judging by the stock value of companies such as Eitzen Chemical and Frontline, which are listed on the Oslo Stock Exchange. Their value increased a total of 6 percent in the first half of the year.

This development was visible on the Oslo Stock Exchange already back in February where the transport sector's stock-listed companies - primarily shipping - increased by 104.2 percent. Overall the development of the Oslo Stock Exchange measured by revenue has been the strongest in the first half of a year since 2009. Statoil is pulling up the development on the stock exchange, while other oil companies are also contributing to the growth.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs