Fred. Olsen Lines
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Fred. Olsen Lines
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. History 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. After the first Fred. Olsen's death, his s ...
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Private Ownership
Private property is a legal designation for the ownership of property by non-governmental Legal personality, legal entities. Private property is distinguishable from public property and Personal property, personal property, which is owned by a state entity, and from Collective ownership, collective or cooperative property, which is owned by a group of Non-governmental organization, non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. The distinction between private and personal property varies depending on political philosophy, with socialist perspectives making a hard distinction between the two. As a legal concept, private property is defined and enforced by a country's political system. History Ideas about and discussion of private property date back to the Persian Empire, and emerge in the Western tradition at least as far ...
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Thomas Fredrik Olsen
Thomas Fredrik Olsen (1897–1969) was a Norwegian ship-owner. Son of Fredrik Olsen and born in Hvitsten, he worked in the family company Fred. Olsen & Co. from 1920. He held a board position in a range of companies, including Det Norske Luftfartselskap and Scandinavian Airlines System. He is the father of shipping magnate Fred. Olsen. Olsen assembled a major personal collection of over 30 paintings by Norwegian artist Edvard Munch including one of the four versions of Munch's ''The Scream''. During the Second World War, he chose to hide the works in a hay barn in central Norway after war had formally been declared, but before the German invasion of Norway in April 1940. In 1941, he acquired the Waterbury Clock Company and renamed it Timex (a portmanteau of "Time" (Time Magazine) and Kleenex.) ''The Scream'' remained there until the liberation in 1945. In gratitude to Britain for taking him in when he fled the Nazis, Olsen presented one of Munch’s most notable paintings, ''The ...
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Saga Petroleum
Saga Petroleum ASA was a Norwegian upstream petroleum company established in 1972 that was acquired by Norsk Hydro in 1999. In October 2007 it was made part of Statoil. The company was the only fully private oil company in Norway. It had partial ownership of 60 oil field licenses and was operator of 18. Saga had an international profile, including major operations on the British continental shelf as well as minor operations in Angola, Indonesia, Libya and Namibia. History Saga Petroleum was founded in 1972 as a private initiative based on a political wish to have three Norwegian oil companies. The company started up at the same time as Statoil and was part of the three-company model with one state owned company (Statoil), one semi-private company (Norsk Hydro) and one fully private company (Saga). The three Norwegian oil companies were to ensure that petroleum competence was established in Norway. Among the largest fields Saga operated were the Snorre oil field and the Tordi, Var ...
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Drilling Rig
A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers. Drilling rigs can sample subsurface mineral deposits, test rock, soil and groundwater physical properties, and also can be used to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels or wells. Drilling rigs can be mobile equipment mounted on trucks, tracks or trailers, or more permanent land or marine-based structures (such as oil platforms, commonly called 'offshore oil rigs' even if they don't contain a drilling rig). The term "rig" therefore generally refers to the complex equipment that is used to penetrate the surface of the Earth's crust. Small to medi ...
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Dolphin AS
A dolphin is an aquatic mammal within the infraorder Cetacea. Dolphin species belong to the families Delphinidae (the oceanic dolphins), Platanistidae (the Indian river dolphins), Iniidae (the New World river dolphins), Pontoporiidae (the brackish dolphins), and the extinct Lipotidae (baiji or Chinese river dolphin). There are 40 extant species named as dolphins. Dolphins range in size from the and Maui's dolphin to the and orca. Various species of dolphins exhibit sexual dimorphism where the males are larger than females. They have streamlined bodies and two limbs that are modified into flippers. Though not quite as flexible as seals, some dolphins can briefly travel at speeds of per hour or leap about . Dolphins use their conical teeth to capture fast-moving prey. They have well-developed hearing which is adapted for both air and water. It is so well developed that some can survive even if they are blind. Some species are well adapted for diving to great depths. ...
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Fredrik Olsen
Thomas Fredrik Olsen or Fred Olsen (born 1 January 1929) is a Norwegian shipping magnate and Chairman of the companies in the Fred. Olsen & Co. company. He is the fourth generation running the Fred. Olsen Group, founded by his great grandfather Petter Olsen and named after his grandfather Thomas Fredrik Olsen. Though he remains the chairman of the companies, ownership and CEO functions are retained by his daughter Anette S. Olsen. In addition to his jobs within the Fred. Olsen group he was for a period also chairman of the Aker Group. Fred Olsen has been called "The Norwegian Howard Hughes" for his great wealth and avoidance of publicity. It was announced on 3 January 2006, that Fred Olsen was to sell almost his entire collection of Edvard Munch paintings; the auction through Sotheby's London fetched almost £17m. Olsen has previously been involved in a legal dispute with his younger brother, Petter Olsen, concerning the important Munch collection brought together by their fat ...
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Fred Olsen
Fredrich Olsen (1891–1986) was a British-born American chemist remembered as the inventor of ball propellant and as a donor or seller to the art antiquities collections of Yale University, the University of Illinois, and the Massachusetts Institute of Technology. Professional chemist Olsen was born on February 28, 1891 in Newcastle upon Tyne, England. Following education in Canada, he began his professional career in 1917 as chief chemist for the Aetna Explosives Company of Gary, Indiana. When Aetna went out of business following World War I, Olsen worked at Picatinny Arsenal from 1919 to 1929 devising a remanufacturing process to preserve deteriorating military inventories of smokeless powder in artillery ammunition manufactured during World War I. He was then employed by the Western Cartridge Company of East Alton, Illinois, where he patented the Ball Powder manufacturing process in 1933. Western Cartridge Company became an Olin Corporation subsidiary in 1944, and Olsen was ap ...
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Allies Of World War II
The Allies, formally referred to as the United Nations from 1942, were an international military coalition formed during the Second World War (1939–1945) to oppose the Axis powers, led by Nazi Germany, Imperial Japan, and Fascist Italy. Its principal members by 1941 were the United Kingdom, United States, Soviet Union, and China. Membership in the Allies varied during the course of the war. When the conflict broke out on 1 September 1939, the Allied coalition consisted of the United Kingdom, France, and Poland, as well as their respective dependencies, such as British India. They were soon joined by the independent dominions of the British Commonwealth: Canada, Australia, New Zealand and South Africa. Consequently, the initial alliance resembled that of the First World War. As Axis forces began invading northern Europe and the Balkans, the Allies added the Netherlands, Belgium, Norway, Greece, and Yugoslavia. The Soviet Union, which initially had a nonaggression pa ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Sterling Airlines
Sterling Airlines A/S was a low-cost airline with its head office at Copenhagen Airport South in Dragør, Dragør Municipality, Denmark. It was created in September 2005 through the merger of two Danish airlines — Sterling European Airlines and Maersk Air — which had been acquired by the Icelandic investment group Fons Eignarhaldsfélag a few months before for MDKK 500. Fons was owned by Icelandic business tycoon Palmi Haraldsson. One month after the merger, Sterling Airlines was sold to the FL Group for an amount of MDKK 1500. In December 2006, Sterling was sold again, this time to Nordic Travel Holding. On 6 January 2006, Hannes Þór Smárason, CEO of the FL Group, stated that a merger of EasyJet and Sterling was a possibility. At the end of 2005, Sterling Airlines had 1,600 staff and 29 aircraft, making it almost twice as large as Icelandair. The company flew to some 40 European destinations, with Copenhagen Airport, Oslo Airport, Gardermoen and Stockholm-Arlanda A ...
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Widerøe
Widerøes Flyveselskap AS, trading as Widerøe, is a Norwegian airline, and is the largest regional airline operating in the Nordic countries. The airline's fleet of 40 Bombardier Dash 8 aircraft, and 3 Embraer E190-E2 aircraft, serves over 40 domestic and international destinations. Widerøe has a turnover of ; carries 2.8 million annual passengers; has 3,500 employees and performs 450 take-offs and landings each day. Public service obligation services to regional airports make up slightly less than half of Widerøe's operations. The remaining services are to primary airports in Northern Norway, and services from Sandefjord Airport, Torp and Bergen Airport, Flesland to other primary airports, and some international services from Oslo/Gardermoen, Sandefjord/Torp, Kristiansand/Kjevik, Stavanger/Sola, Bergen/Flesland and Trondheim/Værnes. The company's head offices are in Bodø, although it retains a large administrative center in Lysaker, Oslo. The main bases are Sandefjord Air ...
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Scandinavian Airlines
Scandinavian Airlines, more commonly known and styled as SAS, is the flag carrier of Denmark, Norway, and Sweden. ''SAS'' is an abbreviation of the company's full name, Scandinavian Airlines System or legally Scandinavian Airlines System Denmark-Norway-Sweden. Part of the SAS Group and headquartered at the SAS Frösundavik Office Building in Solna, Sweden, the airline operates 180 aircraft to 90 destinations (as of December 2019). The airline's main hub is at Copenhagen-Kastrup Airport, with connections to 109 destinations around the world. Stockholm Arlanda Airport (with 106 destinations) is the second largest hub, with Oslo Airport, Gardermoen being the third major hub of SAS. Minor hubs also exist at Bergen Airport, Flesland, Göteborg Landvetter Airport, Stavanger Airport, Sola, and Trondheim Airport, Værnes. SAS Cargo is an independent, wholly owned subsidiary of Scandinavian Airlines and its main office is at Copenhagen Airport. In 2017, SAS carried 28.6 million passenge ...
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