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This is the plan for newly established BW Dry Cargo

A new dry bulk carrier in 2016? This was likely the question on most minds when BW Group on Wednesday announced its plans to establish BW Dry Cargo. Here, CEO Christian Bonfils answers the most pertinent questions, including what the plan is for the new carrier.

Photo: First Arctic

Meetings and discussions in recent months between the former CEO of Nordic Bulk Carriers, Christian Bonfils, and BW Group CEO Carsten Mortensen paved the way for Wednesday's announcement concerning the establishment of BW Dry Cargo - a dry bulk carrier under major Singapore-based BW Group that will be launched at a time when the dry bulk downturn weighs heavily on the global sector.

On the one hand, it makes sense for Christian Bonfils and former Norden CEO Carsten Mortensen to target dry bulk, as both executives are in their own way shaped by this sector. And even though Carsten Mortensen primarily works out of Singapore, he still has an office in Copenhagen and has, since taking over the reins of BW Group, been very active in terms of creating as well as boosting the group's carriers while also drawing on his Danish network to help spearhead this process.

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