Photo: Norden A/S

Rasmussengruppen Sells Stake in Norden

By Aiswarya Lakshmi!!!

Oslo based financial investor Rasmussengruppen sold its entire stake which is 4.8 million shares of Danish dry bulk bulker owner Norden.

A press statement said: "In accordance with section 29 of the Danish Securities Trading Act, it is hereby informed that Dampskibsselskabet Norden A/S has received an announcement from Rasmussengruppen AS stating that Rasmussengruppen AS has sold their shares in Dampskibsselskabet Norden A/S."
The company's share capital consists of 42,200,000 shares of DKK 1 each, amounting to DKK 42,200,000. Rasmussengruppen was the second biggest investor in Norden, after Danish company A/S Motortramp on 28.08%.
Norden operates one of the industry's most modern, flexible and competitive fleets globally within the dry cargo and tanker vessel types. Norden was founded in 1871 and is one of the world's oldest listed ship owners.
Rasmussengruppen AS owns and operates tankers and provides marine transportation services. It has strategic alliances with GC Rieber Shipping ASA. The company was founded in 1936 and is based in Kristiansand, Norway. Einar Rasmussen is the Chairman and Chief Executive Officer of the company.
Philly Shipyard aerial view Photo: Philly Shipyard

Philly Shipyard Order Backlog Touches USD 187.7 mln

As of 31 December 2017, Philly Shipyard had an order backlog of USD 187.7 million. The contract with Matson (Hulls 029-030) provides for shipbuilding activity with delivery

© Raja Stills / Adobe Stock

India's Oil Imports Reach Record High in January

India imported a record 4.93 million barrels of oil per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from

Photo: Tsakos Energy Navigation Limited

TEN Gets Charter Extension for Seven Panamaxes

Greece-based Tsakos Energy Navigation (TEN) has announced the charter extension for seven panamax tankers, for an average of 24 months, to a state oil concern.

Indian PM Narendra Modi dedicated to the nation the 4th container terminal built at Navi Mumbai. Photo: Nitin Gadkari

Indian PM Narendra Modi Lays Foundation Stone For JNPT Fourth Countainer Terminal

India's biggest container traffic handler Jawaharlal Nehru Port (JNPT) has achieved yet another milestone in its ambitious journey to become a world class maritime hub when the

File Image: A rendering of the The HES Terminal in the Port of Rotterdam (CREDIT: HES)

Goldman Sachs, Macquarie Front Runners in HES Terminal Sale

A consortium of infrastructure funds at Goldman Sachs and Macquarie is seen as the front runner in the sale of European bulk port terminal operator HES International

File Image: The Shell Refinery in the Port of Rotterdam (CREDIT: PoR)

Rotterdam Port CEO "preparing for the worst" with Brexit

The Port of Rotterdam is bracing for a British exit from the European Union without any deal on customs, and looking at measures such as hiring 100 extra customs agents and