MH Capital, the investment company controlled by shipping magnate Magnus Halvorsen, has reported a pre-tax profit of NOK 361 million for the previous year, marking its strongest financial performance to date.
The result was driven by significant gains from leveraged equity positions in the shipping sector, which have benefited from a prolonged period of elevated freight rates and robust demand across key trade lanes.
The firm's success highlights the continued attractiveness of the shipping sector for investors willing to take on leverage.
Nordic shipping companies have delivered exceptional returns in the first half of 2026, outperforming their benchmark indices by 45.5%, according to recent market data.
This outperformance has been fueled by a sustained rally in freight rates and geopolitical pressures that have disrupted traditional trade routes, keeping supply tight and rates high.
Halvorsen's strategy of using debt to amplify returns on shipping equities has paid off handsomely, as the sector has seen major players like Maersk raise full-year profit estimates due to stronger-than-anticipated booking volumes.