New dry bulk operator prefers leasing ships to owning them: "We stick to what we know best"

Delta Corp is the latest dry bulk operator to establish its headquarters in Denmark. Like many of its competitors, the company leases ships rather than owning them. "Cargo is definitely king in these markets," CEO Mudit Paliwal tells ShippingWatch.

Delta Corp kører efter asset light-modellen, hvor man lejer istedet for at eje skibe. | Photo: PR / Delta Corp

A newly founded dry bulk company based in Denmark is looking to bet on chartering ships rather than owning them.

In October last year, Delta Corp opened its Denmark office in Hellerup north of Copenhagen. The operator was founded with investor support by a breakaway group of three people from Norvic Shipping: Mudit Paliwal, Henrik Jeremiassen, Endre Buljo, Andrew Benjamin, and Sumanta Das.

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