Kuehne and Fredriksen made the biggest fortunes in shipping

Klaus-Michael Kuehne of Kuehne + Nagel, and shipowner John Fredriksen have made the largest personal fortunes on shipping and transport, according to Forbes magazine.

Photo: Richard Drew/AP/POLFOTO/arkiv

Klaus-Michael Kuehne of logistics company Kuehne + Nagel, along with the Norwegian shipowner and oil giant, John Fredriksen, are the two highest ranked individuals in shipping and transportation on the American Forbes 2015 list of the world's 500 richest people.

Klaus-Michael Kuehne, who has held a significant block of shares in the container carrier Hapag-Lloyd, is on the list with a fortune of USD 11.9 billion at number 103, while John Fredriksen, whose fortune is not least created by oil through stock-listed company Seadrill, as well as with ship and fishing farms, is ranked 120th with a fortune of USD 10.5 billion.

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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs