Danish business elite form new investment vehicle called More Ships

Danish business elite form new investment vehicle called More Ships

Some very famous names in Danish business circles have clubbed together to form a new investment vehicle called More Ships.

Jim Hagemann Snabe, the chairman of AP Moller Maersk, is joined by Nils Smedegaard Andersen, the former Maersk CEO in the new venture. Also onboard is Ole Andersen, who currently chairs audio manufacturer Bang & Olufsen after eight years at the helm of Danske Bank, as well as ex-Nordea supremo Christian Clausen, who is also on the board of Singapore shipowning giant, BW. The founding quintet at More Ships is rounded off with Christian Frigast, the veteran chairman of Axcel, Denmark’s largest private equity fund.

The founding members remain tight lipped about the new venture.

Danish daily Finans noted: “There are very few companies in Denmark that can showcase such distinguished CVs that the people behind newly founded More Ships can boast.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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