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Maersk Broker bids several leading employees farewell

A number of leading employees in Maersk Broker’s dry bulk company, MBBC, including CEO Frank Mortensen, have left their positions within short time. Mortensen believes he has been fired, however, Maersk Broker’s CEO does not agree.

J. Lauritzen appoints Kristian Mørch as new CEO

Lauritzen Fonden’s investment company, J. Lauritzen, appoints Odfjell’s former top executive Kristian Mørch as new CEO. According to the foundation’s CEO, Tommy Thomsen, the stage is set for growth.

Plan for Norden's new division changed markedly in eight weeks

When the war broke out in Ukraine, Norden made a significant change to its exposure within tanker and dry bulk, which have been combined under a new unit. ”This shift has been extremely important,” says COO Christian Vinther Christensen in an interview with ShippingWatch.

Russian coal could be on its way to India

Bimco estimates that Russian coal could be on its way to India as the country’s coal inventories reach critical levels. Trade is expected to accelerate especially as of mid-August, when the EU’s ban on Russian coal imports will have come into full force.

Japanese ONE owner expects earnings decline

NYK Line expects to book a lower profit in 2022/2023 than in the preceding fiscal year, when the ownership of container carrier ONE made a significant contribution to the company’s result.

Eagle Bulk presents major jump in results in Q1

Dry bulk carrier Eagle Bulk increased revenue by 91% in the first quarter, in which the profit was considerably higher than last year. Trade patterns have changed in the wake of the Ukraine war.

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