Clipper has sold 16 vessels as part of credit deal

The decision to shut down five offices represents just part of a comprehensive restructuring at Clipper Bulk, explains CEO Peter Norborg in an interview with ShippingWatch. "Now we can look 10-20 years ahead," he says. The sale of vessels has contributed significant proceeds.

BY LOUISE VOGDRUP-SCHMIDT

Published: 09.10.17 at 10:56

"The market is best understood backwards," goes one of Peter Norborg's mantras.

He used this phrase when he took over as CEO of Clipper around a year and a half ago, and he says it again today as the dry bulk market has become, if possible, even more unpredictable.