Danish bunker company Endofa has become better at saying no and focusing on the bottom line instead of growing revenue. This change in culture is part of the explanation behind the group's profit in 2016, CFO tells ShippingWatch.
One of the world's largest dry bulk companies, Noble Chartering, is now moving its activities from Hong Kong to Singapore where the group is headquartered. The move is part of a major restructuring which has reduced the number of employees by over 70 percent in the past two years.
J. Lauritzen will gradually phase out larger dry bulk vessels when their contracts expire. "We're strong in Handysize, and that's where we've historically been the most profitable," CEO Mads P. Zacho tells ShippingWatch.