Wrist Ship Supply delivers improved result despite tough market

Altor-owned Wrist Ship Supply was able to grow its top and bottom lines during a difficult year in which offshore in particular was tough.

Photo: Wrist Ship Supply

Wrist Ship Supply, owned by equity fund Altor since 2007, was able to grow its top and bottom lines last year, but the results were characterized by challenging markets in the shipping and offshore sectors, according to the supply company's annual report.

Owner Altor spun Wrist Ship Supply off from OW Bunker, which the fund listed on the Copenhagen Stock Exchange in 2014. OW Bunker collapsed seven months later in what has been described as one of the biggest capital market scandals in Denmark.

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