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Østergaard-Nielsen increases profit by over 50 percent

The parent company in Danish Torben Østergaard-Nielsen's business empire, Selfinvest, increased its result by almost USD 20 million in the last year. This improvement stems from the bunker market in particular, while tanker company Uni-Tankers has seen major impairments.

Photo: Joachim Ladefoged/ERH

Although the year brought both ups and downs for Denmark's Torben-Østergaard Nielsen, the magnate managed to increase the result by over 50 percent at his company Selfinvest, which includes global shipping group United Shipping & Trading Company (USTC).

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