Majority shares of PASSER Group is owned by Farvatn Private Equity in Bergen, Norway.

Family owned

Farvatn is a Norwegian family-owned investment company seeking to preserve and grow our wealth while leaving a positive footprint on the world.

Since 1915

Farvatn’s roots can be traced back to the founding of the JO Group in 1915, initially specializing in timber freight. From the 1950s the company’s focus shifted towards the chemical tanker industry, and JO Tankers ultimately grew to be the world’s third-largest operator of advanced chemical tanker vessels.

Long history

In 2016 JO Tankers was sold to Stolt Nielsen, which marked the end of a hundred years of industrial shipping and the beginning of a new one hundred years as a diversified investment company.