Oslo finance man and shipowner Harald Moraeus-Hanssen has built up a diverse fleet in his Uthalden Maritime, calling market troughs and peaks to generate and reinvest substantial profits, not least in container ships.

But right now he is moving his physical portfolio towards offshore oil services, where he believes asset values still do not reflect the expected demand.

Primarily a financial investor, he is part of an Oslo milieu that prides itself on moving quickly between sectors, and his company’s name is to be found high up on shareholder lists of Oslo-listed shipping, offshore, property and other public companies.