Rio Tinto breakaway to kick-start new bulk company

The current dry bulk market does not make it easy to kick-start a new shipping company. But tough circumstances have created new visions for Peter Janholt, who is repositioning August Marine Advisors, which counts several breakaway employees from Rio Tinto, he tells ShippingWatch.

"It's no secret that it is hard to start up in the current market, in regards to the low commodity prices as well as the shipping market. Every company, both in mining and shipping, are focusing on costs," says Danish Peter Janholt.

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