Gullestrup: Shipping has bottomed out

Shipping has bottomed out and is slowly making its way back up again, says Per Gullestrup, who in relation to his exit from Clipper Group and Danish shipping describes the cluster as well-geared for the future.

Photo: Martin Mydtskov Rønne

After 35 years at Clipper Group it was about time for a new generation to take over, says Per Gullestrup to ShippingWatch in relation to his exit from Clipper Group. However, he will continue as a partner in the company as he still "believes in Clipper Group and has complete faith in the current management team," though it's no secret, he says, that the current shipping market is less than ideal:

"So I'd rather be part of an upside than to leave the company when the market is on the bottom," says Per Gullestrup, though he points out that there's agreement in the business that the market has seen the bottom.

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