ShippingWatch

Trade war causes Celsius Shipping to pause ship purchases

Celsius Shipping doubled its bottom line in the previous year, but after buying more than 30 new vessels in two years the trade war now causes the shipping company to pause new acquisitions. "Right now we're sizing up the situation," says CEO Jeppe Jensen in an interview with ShippingWatch.

Photo: Breakwater Shipping

After acquiring more than 30 vessels in the past two years, Denmark-based Celsius Shipping is taking a break, says CEO Jeppe Jensen.

Like the rest of the sector, he eyes a market in which the trade war between the US and China has started to slow growth.

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