Nordic shipping dynasties share a similar fate in severe oil downturn

After profiting significantly on the oil price boom, Nordic shipping families such as Mærsk and and Fredriksen has seen billion of kroner vanish during the profound crisis in the drilling sector. Maersk Drilling along has seen its market value plunge by DKK 18 billion.

Photo: Russell Cheyne/Reuters/Ritzau Scanpix

BY SØREN PICO, SHIPPINGWATCH

Denmark and Norway's biggest and most influential shipping families share a similar fate in terms of the profits they have historically made on oil, and now also the downturn, loss in market value and massive impairments on assets they are forced to make.

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