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Bergesen sets out ambitions under new ownership.
(From Lloyds List)
THE future may be uncertain for Norway's shipping industry, but old hands at Bergesen intend to turn in some sound profit and growth for their new foreign owners come what may.
Straight-talking managing director and chief executive Jan Hakon Pettersen holds no illusions that the long-term future of his company lies overseas.
But he has put down some bold aims for the dry bulk and tanker fleet over the coming decade.
For one thing, Bergesen intends to double its fleet and its equity over the next five years, with financial growth pegged at 10% annually.
And, the company has enshrined this goal alongside its high-sounding mission statement to be 'the benchmark for shipping, providing assurance for our customers and restoring shipping as a leading world industry'.
It is a bold ambition for a fleet that operates 75 vessels, with a further seven newbuildings already booked.
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...offer (the "Offer") for Bergesen A- and B-shares. Background...in Denmark to own shares in Bergesen. It is owned by four private...operating smaller tankers and dry bulk vessels. From 2001 to the...shares and B-shares in Bergesen corresponding to approximately...
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- News wire article from: Europe Intelligence Wire April 7, 2003 700+ words
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- News wire article from: Europe Intelligence Wire June 20, 2005 700+ words
...family's plans to re-list Bergesen on the Oslo Stock Exchange...dependent on market conditions. Bergesen will become one of the world...separation of offshore and dry bulk into stand-alone entities within the Bergesen Worldwide group. Bergesen...
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- News wire article from: Europe Intelligence Wire August 21, 2003 700+ words
...on transactions last year. Bergesen revealed that its medium...year contract to Tractebel. Bergesen also ordered two 38,000 cbm...with $11.1m last year. The dry bulk fleet made only small gains...profit of $5.6m last year. Bergesen suffered from the floating...
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- News wire article from: Europe Intelligence Wire October 11, 2005 700+ words
...control between 55% and 60% of Bergesen Worldwide Gas, depending on...The Sohmen family acquired Bergesen in 2003 for about $1.4bn...Norwegian group's tanker, dry bulk and offshore operations. The...time. In support of the offer Bergesen Worldwide Gas' chief executive...