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"Lately, we've been buying a bulk vessel once a week"

Backed by an equity fund, Jeppe Jensen has set Celsius Shipping on the course towards dry bulk where the carrier has purchased 12 Chinese vessels since May 2016. "I have no biases about what you can or can't do," he tells ShippingWatch.

Jeppe Jensen, CEO and co-owner of Celsius Shipping. | Photo: Breakwater Shipping

After the bankruptcies of two shipyards in China spoiled Celsius Shipping's plans to expand in first chemical tanker and then gas, the Danish carrier, headed by CEO and co-founder Jeppe Jensen, has started buying new and slightly used dry bulk vessels. A popular move among other cash-strong players as well.

"In cooperation with our partner, we are probably the carrier in the world to have bought the most bulk carriers in the last four months. Lately we've been buying a bulk vessel every week," Jensen tells ShippingWatch.

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