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<p><span class="heading">Fred. Olsen - Cruising, Holidays and Travel,
Star Clippers</span></p>
<p class="body_lead18"><span class="body_rev">The Fred. Olsen related shipping
activities date back to 1848 when the Olsen family first entered the ship-owning
business. Over the years, Fred. Olsen related companies have expanded into other
activities, from air transport to ship-building, oil and gas exploration, and
some of them today hold a wide international, industrial and ship-building interest.
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<p class="body_lead18"><span class="body_rev">Four generations later, the family
operates companies skilled in various aspects of the tanker, shipbuilding and
offshore industries. Aside from the transportation industries, the Fred. Olsen
companies also have interests in the luxury hotel sector, estate management,
property development and the electronics industry. </span></p>
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