The desperately required commercial views were overshadowed by a “cashier’s mentality” resulting in a hostile takeover attempt in the late 1980s by the Norwegian investor Torstein Hagen, aimed at steering back to the real shipping activities, leaving the Nedlloyd management panic stricken, digging in and manoeuvring into self defensive tactics, with the help of shareholders meetings, without facing the real problems.
Nederlandse Stoomboot Maatschappij, a Dutch shipping line later absorbed into Nedlloyd as the Koninklijk Nederlandse Stoomboot Maatschappij (KNSM).
Nedlloyd |
The ship entered service in 1987 for Noordzee Veerdiensten or North Sea Ferries, then a joint-venture between Dutch Nedlloyd and British P&O.