Oslo Børs stiger fra start

Oslo Børs opened on a positive note with a 0.55% increase. Following a record high on Tuesday, the market experienced two days of decline. Among the most traded stocks, oil prices hovered around $88 per barrel, slightly above the Thursday closing level. European gas prices (TTF) rose 1.3% to 69 euros per megawatt-hour, with values approaching annual peaks.

Limited supplies in European storage and ongoing disruptions in the Hormuz Strait are reducing liquefied natural gas (LNG) access from Qatar. Frontline tanker company delivered better-than-expected results after a strong shipping surge in the second quarter, beating expected figures of $616 million and $652 million. The company's key metrics for Q2 2026 remained volatile, with energy sector challenges creating inefficiencies supporting tankers' utilization.

At 2.61 dollars per share, dividends amounted to 581 million dollars, or 5.4 billion kroner. The Grieg family decided to split ownership into two family companies following a thorough process. One step involves Grieg Willumsen taking over Grieg Seafood's ownership, with a Belgian company joining the investor side. "The Grieg family now took a correct and natural step to secure their companies for the future," said Grieg Maturitas' CEO Jon Haugervåg.

Grieg Seafood expressed positive outlook on the development, stating that "Grieg Seafood ASA is not part of these transactions but sees positive development." LPG trader BW LPG underperformed in Q2 but paid out all profits as dividends. Analysts expected results of $182.2 million, TCE income of $313 million, and operating profit of $202 million.

Dividends equaled the entire quarterly profit. Tanker company Hafnia reported operationally higher income of 372.9 million dollars in Q2, up from 231.2 million dollars in the same quarter last year. Revenue before taxes was 279.2 million dollars in Q2, compared to 80 million dollars in the same quarter last year. Hafnia's Q2 performance was the strongest since Q3 2022.

In a shareholder letter, CEO Mikael Skov noted that ongoing tensions in the Persian Gulf and Hormuz Strait continue to impact the tanker market. After 16 years in his role, Skov resigned on September 1st and joins the board, followed by Søren Steenberg Jensen. Dellia, a supplier of dried fruits like mango and fresh fruit, traded on the stock exchange in September.

In Q2, it reported a profit before taxes of 11 million kroner, down from 16.9 million kroner in the same quarter last year but up from 158.5 million kroner in Q1. Dellia previously announced sales of 167.1 million kroner in Q2, up from 158.5 million in the same quarter last year but down from 214.4 million in Q1. The company lowered its revenue forecast for 2026 due to increased competition.

In July, Dellia hired Pareto Securities to assess strategic alternatives, including a possible sale, asset reorganization, capital raising, strategic partnership, or other transactions.