ShippingWatch

Celsius Shipping keeps its foot on the brake in diverse market

Celsius Shipping put its foot on the brake last summer and still has no plans to enter new investments, although CEO Jeppe Jensen benefits from the recovery in the tanker market, he tells ShippingWatch.

Celsius Shipping, headed by CEO Jeppe Jensen, is earning good money on its 11 product tanker ships, while the situation for its 14 ultramax dry bulk vessels is quite different. Photo: PR / Celsius Shipping

With a portfolio of close to 50 ships in tanker, dry bulk, container and chemical tanker, there is usually one segment that is doing well, just as there is often also one that is down.

This is the situation for shipping company Celsius Shipping, which is currently making good money on its portfolio of 11 product tanker vessels, while the story is somewhat different for its 14 ultramax dry bulk ships.

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