Things did not go according to plan when Wrist Ship Supply started integrating its large Dutch acquisition Klevenberg.
Problems with merging the two companies' IT systems meant that the company struggled to service its customers for almost two months. And when they finally did deliver, customers did not always receive the right goods.
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Coal is in high demand in China, and by all appearances, the appetite for coal will not abate in the coming months, benefiting dry bulk operators. Norden and Lauritzen note how the Chinese coal policy – in addition to its import ban from Australia – serves to strengthen an already strong market. Clarified.