Shipping shares on the Oslo Stock Exchange have risen significantly in 2021, with one segment in particular driving the growth. Analyst prjects that there are more gains ahead for the five shipping shares that grew the most.
An ongoing military coup in Guinea threatens the country's large export of bauxite, used in the manufacturing of aluminium. The country covers more than 60 percent of the global bauxite output, writes Arrow Shipbroking.
Head of Research at Norwegian Cleaves Securities Joakim Hannisdahl has been appointed as CEO of Cleaves Asset Management, a newly established shipping hedge fund that will have USD 100 million under management.
Amrit Peter Kalsi took over the reins at Clipper shortly before the dry bulk market surged, and the CEO is now on course to deliver the group's best results "in many years". He points to the container market as a significant driving force.
An increased focus on short-term trading and more autonomy in the seven business units are some of the elements in Ultrabulk's strategic recipe aimed at ensuring that the dry bulk carrier and its new management boost its earnings.
Family-owned Ultrabulk gets a new chief executive, as Per Lange hands over the reins to Per von Appen, who will be heading the company from Chile. With a new strategy and strong results this year and the next, the timing is right, Lange tells ShippingWatch.
The third and fourth quarters are expected to turn out even better than the second quarter for Golden Ocean, which saw triple-digit million profit. However, CEO Ulrik Andersen is even more bullish on 2022, he tells ShippingWatch.
Leadership Chats: Jan Rindbo and Norden held a wellness campaign over eight weeks during corona to keep people active and lift their spirits. Between the global team they logged 1,000,000 minutes of exercise during the period. The picture-sharing feature brought a smile to the CEO's face.