ShippingWatch

Norborg after ship acquisition: "Clipper Group is through the worst"

Clipper's restructuring is almost settled, and the shipping company is now able to look to the future again, says chief executive Peter Norborg to ShippingWatch after acquiring three new vessels from J. Lauritzen backed by a New York based equity fund.

Photo: PR / Clipper

The acquisition of three handysize vessels, at 32,000 dwt each, is a sign that the comprehensive restructuring Clipper Group had to go through earlier this year is finally nearing its end, and that the shipping company is slowly returning to its role as an active shipowner.

The ships have been sold by J. Lauritzen and will enter as an asset in an owner-partnership with a private equity firm, according to market sources

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs