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Clipper

Read all the latest news about Clipper. ShippingWatch gives you independent, credible, critical and fair news.

Bulk shares have surged in 2017

Investors are now also thought to believe in a stable recovery in bulk, where the largest shares have been through significant price increases throughout 2017. One carrier in particular has experienced a huge price increase.

Clipper sailing at rates that incite fresh optimism

"For the first time in a long time, rates are at a level, which might tempt some to order new vessels, but it will not be us," CEO of Clipper Group, Peter Norborg, tells ShippingWatch. One commodity in particular is critical for the company's progress.

This is how Clipper will man the new global hubs

A number of employees have been promoted and some have relocated to Clipper's three new hubs in Copenhagen, Houston, and Hong Kong. Thomas Jarde, former VP at Norden, is one of the newly hired employees. Read on to see all of the new names at Clipper.

Clipper has sold 16 vessels as part of credit deal

The decision to shut down five offices represents just part of a comprehensive restructuring at Clipper Bulk, explains CEO Peter Norborg in an interview with ShippingWatch. "Now we can look 10-20 years ahead," he says. The sale of vessels has contributed significant proceeds.

Norden and Clipper prepare for record US crop harvest

US farmers are underway with the largest wheat, corn and soybean harvest in recent memory, and this could lead to a short-term rate boom for the hard-pressed bulk vessels. Carriers Norden and Clipper are both ready to pounce should activity suddenly increase.

New Clipper CEO: Dry bulk requires baby steps

The dry bulk market is always easiest to read in hindsight, Peter Norborg tells ShippingWatch about his task as the new CEO of Clipper Group. "This is not the time for long-term, radical decisions."

Is it okay to scrap a vessel here?

Clipper, Maersk and the Danish Shipowners' Association all have a new stance on ship scrapping on the beaches of Alang. See the pictures from one yard which have convinced shipowners that times have changed in the region. And also the pictures that used to keep shipowners away.

Clipper Group appoints new CEO

Clipper Group has picked Peter Norborg, current COO of Swiss-based Gearbulk, to replace former co-CEOs Gary Vogel and Kristian Mørch. Interim CEO Frank G. Jensen will continue as chairman of the Danish carrier.

Clipper in million-dollar dispute with former soccer boss

Clipper believes it has been duped out of USD 12.6 million in connection with the acquisition of a shareholding in Danish national soccer arena, Parken, and has claimed damages from its management. Former Chairman of Parken, Flemming Østergaard, struggles to understand the basis for the claim.

Clipper Group welcomes new chairman

Clipper has in recent months made numerous changes at executive level. With Frank G. Jensen taking over as CEO, the carrier has now brought in a new chairman.

Genco Shipping reduces deficit

Dry bulk carrier Genco Shipping & Trading, which has pool collaborations with Clipper, delivered a somewhat reduced deficit in the second quarter 2015, but the company is still hit hard by the dry bulk downturn.

Clipper Group sells major stake in Mols-Linien

Clipper Group has entered into an agreement with equity fund Polaris to sell its owner's stake of 29.95 percent in Danish ferry carrier Mols-Linien. "It's really simple, we got a very good price for the shares," says Flemming Steen, CFO of Clipper, to ShippingWatch.

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