Norwegian shipowner and investor Eivind Astrup had a strong year in 2016 with his key company, Pactum, logging book equity of NOK 1.65bn ($194m) at the end of the year. Its net asset value is larger.
But the owner has made losses involving a limited partnership company that owned four Chinese-built supramax bulkers that were taken over by creditor Credit Agricole and sold on.
