The Danish dry cargo shipping company Clipper Group aims to double its fleet within a few years.

CEO Amrit Peter Kalsi tells Børsen that the company aims to operate over 200 vessels within a number of years, thus doubling the current fleet. Of these, approximately one third will be owned.

”We have spent many years getting back to our core and we believe we can expand our business without necessarily taking more risk. We have a lot of confidence in the dry bulk market in the long run. We stick to what we are good at. So we feel that we can afford to expand,” he tells the newspaper.

The growth plans are made possible by the sale of ferry company Seatruck Ferries in a large deal that cleared the remaining debt Clipper had been carrying since the financial crisis.

Clipper Group is headquartered in Copenhagen, but is registered in the Bahamas and therefore does not disclose figures for its entire business.

(Translated using DeepL with additional editing by Kristoffer Grønbæk)