Current Chairman Kenneth Petersen managed the company in the second generation actively until 2002. Two years earlier the ownership of the company had been acquired by J. & J. Denholm, one of the largest privately owned shipping organisations in Europe.
Further changes occurred in June 2003 when the Hamburg based Nordcapital Group (shipowners and financiers) became shareholders in Harper Petersen. Later that same year the Rickmers Group also became shareholders, acquiring 50% of the Nordcapital shares.
About a year later J & J Denholm sold their remaining shares, and as a result Nordcapital and Rickmers Holding became the sole shareholders.
In September 2004 a subsidiary company, Eight Dragons Ship Brokers Ltd, was founded in Hong Kong together with a Representative Office in Shanghai in order to expand business in Asia. This company was renamed Harper Petersen & Co. (Asia) Ltd. in August 2007 in order to give a common brand to our business activities worldwide.