ShippingWatch

Clipper Bulk shuts down five offices

Clipper is streamlining its dry bulk business and will, as part of the process, shut down five dry bulk offices across the globe, says the carrier.

Clipper will in the future concentrate on dry bulk, the group's by far biggest business, in three locations, informs the carrier which is currently streamlining its operation and administrative setup.

As such, Clipper has opted to close a series of offices across the globe, in Stamford, Sao Paulo, Rio de Janeiro, Singapore, and Beijing.

First and foremost this is a reaction to the faster-moving dry bulk industry and the need to make communication between offices as efficient as possible"

Peter Norborg, CEO, Clipper

Copenhagen, Houston, and Hong Kong will, going forward, serve as the three main hubs for the carrier's dry bulk business, says Clipper in a press release.

The closure of the five offices will result in layoffs, says CEO Peter Norborg in an email to ShippingWatch.

"Most of our Chartering and Operations staff from the closing offices are offered relocation to either Houston, Copenhagen or Hong Kong. The immediate layoffs are limited to under 10 employees, mainly in the staff functions that we are centralizing to Copenhagen," he says.

The dry bulk market has for a long time been a huge challenge to the carriers, who have been struggling to make it through to the other side. Recently, however, several positive signs have emerged in the market. Norborg does not comment on whether the decision to close offices stems from the weak market, though he notes in the email:

"First and foremost this is a reaction to the faster-moving dry bulk industry and the need to make communication between offices as efficient as possible."

Operates 150 vessels

Clipper's operated fleet has grown from 100 to 150 vessels within the past year, despite the fact that the carrier early this year lost its longtime partner in two of its pools, Clipper Saphire Pool and Logger Pool, when US-based carrier Genco Shipping withdrew its vessels to instead manage them on its own.

Norborg stresses that the number of vessels will remain 150 going forward, and that the "consolidation of our bulk offices does not impact the number of vessels we operate." It will also not affect the collaboration with the carrier's pool partners, which will still be done out of Copenhagen.

For most of Clipper's clients this change simply means a new prefix on their phones, explains Norborg.

"With fewer but larger hubs we can service our customers more effectively while still maintaining global presence."

The office in Hong Kong was opened back in March in order to strengthen the carrier's activities in the Pacific, and the office was at the time presented as a strength alongside the Singapore office.

Clipper Group's offices in Barranquilla, Tokyo, and Nassau will remain unchanged, writes the carrier.

English Edit: Daniel Logan Berg-Munch

Clipper Group's CFO steps down immediately

Clipper's Danish division loses money on ferries and exchange rate

Clipper's Irish RoRo business notes major growth

Frontpage right now

Trafigura CEO: Continued oversupply on the oil market

2017 has been a year characterized by continued oversupply on the market for oil and oil products, says Trafigura's CEO in relation to the commodity trader's annual report. But the situation already looks brighter starting next year.

Concordia Maritime in new fleet expansion

The listed tanker carrier has signed two new charter contracts which, according to CEO Kim Ullman, confirm the carrier's positive outlook for the product tanker market from mid-2018.

Euronav hires IT systems supplier to manage its fleet

Belgian tanker carrier Euronav has IT firm Logimatics to supply its 52-vessel fleet with fleet management tools in order to optimize operations. "A considerable order for us," says the head of sales at Logimatic, Hans Christian Jensen, to ShippingWatch.

Latest Bulk

Related articles

Latest news

Jobs

See all

See all