Actinor Shipping

The end of 1995 will mark Actinor’s third full year of independent operations after its demerger from Hafslund Nycomed in May 1992. Since December 1992, Actinor’s stock has been appreciated by 142%, indicating a successful implementation of the company’s strategy which calls for a maximization of returns to shareholders through a conservative and low risk approach to shipping investments.

Actinor owns a diversified fleet of 11 vessels with an average age of ten years. It also has a 50% interest in an oil-rig (Rigmar 301). All vessels bear long term charters, with seven expiring after the year 2000. It is part of the company’s strategy to own a broad spectrum of vessel types as this practice is considered good hedging against the ups and downs in the different market sectors. Actinor pays a great deal of attention to the proper maintenance of its vessels in an effort to retain the highest possible value at the end of their charter periods. Although maintenance is undertaken by the charterers, Actinor performs periodical quality assurance inspections to assure that the vessels are maintained properly.

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