Fred. Olsen & Co. is a holding company based in Oslo, Norway. The company was founded as a shipping firm by Petter Olsen in 1848. Today the company manages the Olsen family's interests in a variety of sectors including logistics, energy and consumer goods.
The company was founded by Petter Olsen (1821–1899) in 1848 and, by his death, the company had 16 ships with offices in Hvitsten. Petter's son Thomas Fredrik "Fred" Olsen (1857–1933) or Fred. Olsen, whom the company is named after, took the company from a small business with a few boats into a powerful multinational shipping and shipbuilding business. He had a vision of providing high-quality service on a network of lines, at first domestically and, afterwards, internationally. To do this required steamships, of which the first was acquired in 1897. By 1914, the first motor ship was put in use on the South America line. During World War I 23 of the company's 44 ships sank.
Thomas's son, also named Fred. Olsen (born 1 January 1929), is now in control of the company, after becoming director in 1955. In the early 1970s, Fred. Olsen entered the offshore business, with Dolphin drilling rigs and part of Saga Petroleum. The Saga shares were sold in 1991 while Dolphin is now part of Fred. Olsen Energy. Fred. Olsen also had a major share in the construction and engineering company Aker and currently owns Timex Corporation.
The company has also periodically entered the tanking business, operating a total of 40 ships since 1920. In 1973, it sold its tanking interests but reentered the industry again in 1986, creating the publicly listed company First Olsen Tankers in 1993 that was repurchased in 1999. Fred. Olsen Renewables has been involved in wind power since 1997 with wind farms in Norway, Sweden, Ireland and the United Kingdom. In 1980, it was involved in Nimslo, a company making 3D cameras, which later went bankrupt.
Fred. Olsen is today owned by Anette S. Olsen, the fifth generation of the family and daughter of Fred. Olsen. She took over ownership of Fred. Olsen & Co. in 1995 and has since been CEO, though Fred. Olsen has remained Chairman.
At the end of 2008, Fred. Olsen sold its part of Comarit and is no longer a stockholder of the Moroccan passenger carrier.
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January 01, 1970
fred, olsen, holding, company, based, oslo, norway, company, founded, shipping, firm, petter, olsen, 1848, today, company, manages, olsen, family, interests, variety, sectors, including, logistics, energy, consumer, goods, company, typeprivateindustryholding, . Fred Olsen amp Co is a holding company based in Oslo Norway The company was founded as a shipping firm by Petter Olsen in 1848 Today the company manages the Olsen family s interests in a variety of sectors including logistics energy and consumer goods Fred Olsen amp Co Company typePrivateIndustryHolding companyFounded1848HeadquartersOslo NorwayKey peopleAnette S Olsen CEO Websitewww wbr fredolsen wbr no Contents 1 History 2 Companies in the Fred Olsen Group 3 References 4 External linksHistory editThe company was founded by Petter Olsen 1821 1899 in 1848 and by his death the company had 16 ships with offices in Hvitsten Petter s son Thomas Fredrik Fred Olsen 1857 1933 or Fred Olsen whom the company is named after took the company from a small business with a few boats into a powerful multinational shipping and shipbuilding business He had a vision of providing high quality service on a network of lines at first domestically and afterwards internationally To do this required steamships of which the first was acquired in 1897 By 1914 the first motor ship was put in use on the South America line During World War I 23 of the company s 44 ships sank After the first Fred Olsen s death his sons Rudolf Olsen and Thomas Fredrik Olsen took over the company During their leadership the company expanded even entering the aviation business with its own airline Fred Olsen Flyselskap in addition to later partial ownerships of Det Norske Luftfartselskap Scandinavian Airlines System Wideroe and Sterling Airlines During World War II the company s ships were in Allied service though 28 were lost about half the fleet Rudolf died in 1951 and Thomas suffered ill health from 1955 eventually dying in 1969 nbsp Fred Olsen Express on the way to La Gomera Thomas s son also named Fred Olsen born 1 January 1929 is now in control of the company after becoming director in 1955 In the early 1970s Fred Olsen entered the offshore business with Dolphin drilling rigs and part of Saga Petroleum The Saga shares were sold in 1991 while Dolphin is now part of Fred Olsen Energy Fred Olsen also had a major share in the construction and engineering company Aker and currently owns Timex Corporation The company has also periodically entered the tanking business operating a total of 40 ships since 1920 In 1973 it sold its tanking interests but reentered the industry again in 1986 creating the publicly listed company First Olsen Tankers in 1993 that was repurchased in 1999 Fred Olsen Renewables has been involved in wind power since 1997 with wind farms in Norway Sweden Ireland and the United Kingdom In 1980 it was involved in Nimslo a company making 3D cameras which later went bankrupt Fred Olsen is today owned by Anette S Olsen the fifth generation of the family and daughter of Fred Olsen She took over ownership of Fred Olsen amp Co in 1995 and has since been CEO though Fred Olsen has remained Chairman At the end of 2008 Fred Olsen sold its part of Comarit and is no longer a stockholder of the Moroccan passenger carrier Companies in the Fred Olsen Group editBonheur First Olsen Tankers Fred Olsen Cruise Lines Fred Olsen Energy Fred Olsen Express former Lineas Fred Olsen Fred Olsen Freight Fred Olsen Marine Services Fred Olsen Windcarrier Fred Olsen Production Fred Olsen Renewables Fred Olsen Travel Ganger Rolf GenoMar Global Wind Service IT Fornebu minority ownership Norges Handels og Sjofartstidende minority ownership Oceanlink Timex The Natural Power Consultants ZephIRReferences editCooke Anthony 2007 The Fred Olsen Line and its passenger ships London Carmania ISBN 9780954366674 Hendy John 2012 Fred Olsen Cruise Lines Ramsey Isle of Man Ferry Publications ISBN 9781906608330 Middlemiss N L 1990 Fred Olsen Bergen Line Newcastle Upon Tyne Shield Publications ISBN 1871128056 Fred Olsen Lines Oslo Fred Olsen amp Co 1964 OCLC 38881868 External links edit nbsp Wikimedia Commons has media related to Fred Olsen amp Co FredOlsen co uk in English Olsen Spanish interests Retrieved from https en wikipedia org w index php title Fred Olsen 26 Co amp oldid 1166655472, wikipedia, wiki, book, books, library,
