Endre Hermansen buys into Fred. Olsen Energy

Endre Hermansen buys into Fred. Olsen Energy

Investor Endre Hermansen, the eldest son of the late shipowner and politician Folke Hermansen from Stavanger, has bought 408,530 shares in Fred. Olsen Energy, giving him a 0.61% stake in the rig company.

Folke Hermansen was the wealthiest man in Stavanger by the time he died in 2006 after developing the the Stavanger Steamship Company.

Last month the family-owned investment company Watrium, owned by the Wilhelmsen family and led by Anders Christopher Garmann Wilhelmsen, bought 800,000 shares in Fred. Olsen Energy.

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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