ShippingWatch

Odfjell CEO sticks to ambitions in tough market

Odfjell CEO Kristian Mørch is spearheading a strategy in the chemical tanker segment that is ambitious but also comes with several pitfalls. ShippingWatch takes a look at the plan.

Almost three years have passed since Kristian Mørch took over as CEO at Odfjell's iconic headquarters, which is practically perched on the edge of a cliff outside of Bergen, Norway.

In those years, he has been particularly successful in cutting costs at the Odfjell family's more than 100 year-old chemical tanker shipping company, specialized in the transport of "dangerous liquids." Specifically, he eliminated USD 100 million in costs a year and a half ago in what proved to not be an insurmountable task, as savings in the so-called Felix project reached USD 109 million.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs