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Nordic Tankers has cut one in four jobs

Per Sylvester Jensen was surprised by the need for adjustments since he took the job as CEO of Nordic Tankers two years ago. After a great deal of trimming, the carrier is now ready to grow again.

Things have not always been easy since CEO Per Sylvester Jensen was recruited by the owner of Nordic Tankers, equity fund Triton, and given the task of getting the company back on track, the Norwegian CEO tells ShippingWatch on the same day that the carrier was finally able to deliver a small profit for the first time in several years.

He is an optimist. Partially because of his nature and in part because this is necessary in the maritime industry, as he says. The market looks better going forward. The demand will increase nicely and there may be a big orderbook, but he expects that all in all there is a greater need for chemicals, such as the carrier's core product methanol, than the fleet including new arrivals can overcome.

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