Former Norwegian shipowner Johan Reksten has died at the age of 69.

He took over Johan Reksten’s Rederi after his stepfather, the shipping tycoon Hilmar Reksten.

He ran a major tanker fleet, typically operating spot, until the shipping crisis in the early 1970s.

Johan Reksten ran Johan Rekstens Rederi from 1973 to 1996 and his company Reksten Management took over the operation of several Reksten tankers.