Investing in the future
DSD AS is a wholly-owned subsidiary of Folke Hermansen AS. Folke Hermansen AS is owned by the Hermansen family. Yuhong Jin Hermansen is chair of DSD AS.
We have 14 members of staff working at our head office in Stavanger. In 2019 we established a representative office in Shanghai in China, and on 15 January 2020 we changed name from Det Stavangerske Dampskibsselskab AS to DSD AS (“DSD”). Our investment team is composed of a mix of younger and more experienced staff. Thanks to their strong combined expertise, we are able to focus both on the here and now and on the future.
Right since we launched our first paddle steamer in 1855, we have been creating, managing and developing assets. Developing assets and companies, and a willingness to take on difficult challenges, are strong features of our national industrial and cultural history.
We have primarily operated businesses in the transport and maritime sectors. The group is now undergoing a period of change, and it has high ambitions. Our focus is now on high-tech sustainable companies in the mobility sector, ocean, tourism and health care. Sustainability, active ownership and value creation shall be the foundations for the DSD Group’s future development.
As a family-owned group, we believe in creating value by taking a long-term perspective and through innovation. We are constantly on the lookout for sustainable opportunities, and we give people and technology the time and space they need to flourish. That is at the core of what we do. That is what DSD is about.
Our investment team
At DSD, our business culture and history are all about looking to the future and engaging with the world around us. We invest in people who want to develop groundbreaking ideas, create world-leading technology and contribute to the society that we belong to. We have no desire to follow in the footsteps of others; we want to lead the way. We have been doing that for over 160 years. And we intend to continue doing so for another 160 years.
Awards and milestones
At DSD, we transform ambitious ideas into groundbreaking results. That’s how we are creating world-leading, green, sustainable technology.
- Green Ship Award
- Norwegian Logistics and Freight Association's environmental award
- The Rogaland county reserach and innovation prize
- Ship of the Year
- The Thor Heyerdahl Award
- Næringslivets Klimapris, an annual award given to Norwegian business for climate-friendly innovation
- The world’s greenest cargo ships, the LNG-powered Kvitbjørn and Kvitnos, are christened and enter service.
- The world’s first battery-powered zero-emission ferry, Ampere, enters service.
- The hybrid ferry MS Folgefonn becomes the first ferry in the world to use wireless charging.
Chief Executive Officer
Chief Investment Officer
Chief Business Development Officer
Chief Financial Officer
Board of directors
Yuhong J. Hermansen
Yuhong Jin Hermansen is chair of the board and the majority owner of DSD. Hermansen has more than 25 years of work experience within shipping, financial investment and management. Hermansen is also a board member of Stavanger Næringsforening, and has previously also been chair of the board of Tide, and a board member of NHO's central board and the Skagen Funds.
Bjørn A. Dahle
Bjørn Anders Dahle is deputy chairman of the board of DSD, and has been part of the board of the group since 2013. Dahle is the owner and general manager of Mento AS.
Eirik Børve Monsen
Eirik Børve Monsen has been a board member of DSD since 2020. Børve Monsen is Executive Vice President of Finance and Finance at the Lyse Group. Børve Monsen also has experience as CFO in Akva Group, from various positions in Telenor, as well as as an auditor and advisor in KPMG. He has board experience from a number of Norwegian and international companies.
Lena Nymo Helli
Lena Nymo Helli has been a board member of DSD since 2021. Nymo Helli is the general manager of Norway Health Tech, and has extensive experience from both the national and international pharmaceutical industry, and has previously been a Venture Partner in the acquisition fund Hadean Ventures where she worked with health-related start-ups.
Anita Krohn Traaseth
Anita Krohn Traaseth joined DSD as a board member in 2021. Since 2019, Krohn Traaseth has worked as an adviser to the European Commission with the establishment of the European Innovation Council (EIC). She has previously been CEO of Innovation Norway, and from 2019 she led the government's committee for innovation and growth in the green sector.
Do you have any questions about potential investments, or do you have a company or an idea that you would like us to have a look at? Regardless of whether it’s a fund, company, project or something else interesting, we’re happy to have a chat.