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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.

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