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.
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.
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.