The past fiscal year dealt a blow to Bunker Holding's bottom line but did not damage CEO Keld R. Demant's expansion ambitions. "It's an industry that is ready to be changed and consolidated," he tells ShippingWatch.
A random encounter at a copper anniversary party many years ago marked a turning point in Keld R. Demant's career. He currently serves as CEO of Bunker Holding. It is crucial to find a good boss in order to make a career for yourself, he says.
Without providing any specific reason, Claus Hyldager has stepped down as CEO of London-based but Arabian owned Inchcape. Hyldager has served as chief executive for nine years and spearheaded a massive expansion of the company.
Among the dry bulk carriers, Pacific Basin is one of the few players so confident in the market that it has performed a significant fleet expansion. And more could be under way. ShippingWatch has interviewed CEO Mats Berglund about where the optimism comes from.
The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.
They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.
An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.