Bulk

Opinion: Have the new operators overtaken the traditional owners?

Dry bulk carriers face a choice between two fundamentally different business models, writes Ulrik Uhrenfeldt Andersen.
Ulrik Uhrenfeldt Andersen was most recently CEO of the large dry bulk carrier Golden Ocean. Before that, he was CEO of Avance Gas. Both companies are controlled by Norway's richest person, John Fredriksen. | Photo: Magnus Møller
Ulrik Uhrenfeldt Andersen was most recently CEO of the large dry bulk carrier Golden Ocean. Before that, he was CEO of Avance Gas. Both companies are controlled by Norway's richest person, John Fredriksen. | Photo: Magnus Møller
BY ULRIK UHRENFELDT ANDERSEN, FORMER CEO OF GOLDEN OCEAN AND AVANCE GAS

Before embarking on the rough seas of the dry bulk shipping industry, executives are faced with an important choice between two fundamentally different business models: the “asset-light” (or “operator”) model or the “traditional shipowner” model.

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