Norway's tradition-rich Rasmussen group continues to concentrate its involvement in pure shipping on its stake in Danish tanker and bulker owner Norden.
Rasmussen has a strategic 11.5% holding in Norden and the shareholding was written down by NOK 109m ($13m) last year and was valued at NOK 658m at the end of 2016.
The Rasmussen group last year recorded a pre-tax profit of NOK 647m against a NOK 1.22bn
