Clipper Group News

12 Mar 2020

Clipper Takes Over Klaveness Pool

Image from left: Hans Næss Olstad, VP Head of Sales Marketing in Torvald Klaveness, Peter Norborg CEO in Clipper Bulk A/S, Lasse Kristoffersen CEO in Torvald Klaveness and Tom Harald Gjerdingen Head of Bulkhandling in Klaveness.

Danish dry bulk specialist Clipper Bulk announced that it would acquire the Bulkhandling shipping pool of Supramax and Ultramax vessels, from Norwegian shipowner Klaveness.The Bulkhandling pool dates back to 1963 and was the first pool operated in shipping.All current members of the Bulkhandling pool have been offered to join the new Clipper Bulkhandling pool, and the new pool management will jointly with the members agree on a strategy for further growth and expansion. Following this, Clipper Bulk will manage one of the leading pools for supramax and ultramax dry bulk tonnage in the world.

07 May 2019

Clipper Bulk Axes 40 Staff

Image: Clipper Bulk

International dry bulk shipping company Clipper Group  has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives to strengthen its business platform amid continued weak markets.Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes to Senior Management as well as a more focused market approach…

02 Apr 2018

Genco Sets Up Minor Bulk Subsidiary

Genco Shipping & Trading Limited announced it has established a European subsidiary in Copenhagen to be led by newly appointed Commercial Director, Minor Bulk, Europe, Sune Linné Fladberg. “We continue to take steps to solidify our sizeable and leading dry bulk platform and further enhance our ability to provide a full-scale logistics solution to leading charterers and cargo providers on a 24-hour basis,” said Genco CEO, John C. Wobensmith. “We are pleased to have established a European subsidiary in Denmark and have Sune join our in-house commercial team, complementing our group of seasoned chartering professionals in New York and Singapore, and further strengthening our position in our key trading markets.

20 Feb 2018

Morch Elected to J. Lauritzen BoD

Kristian V. Mørch. Photo: Odfjell SE

Danish shipping company J. Lauritzen adds CEO of Norwegian Odfjell, Kristian V. Mørch, and CFO of the cleaning company ISS, Barbara Plucnar Jensen, into its board of directors. "J. Lauritzen A/S in March 2018, Kristian V. Morch, CEO at Odfjell SE, Norway and Barbara Plucnar Jensen, CFO at ISS UK and Ireland will be elected as new members of the Board of Directors of J. Lauritzen," said a press release from the company. In connection with the upcoming annual general meeting, Marianne Wiinholt, CFO & EVP at Ørsted will resign from the Board of Directors of J. Lauritzen. Kristian V.

15 Dec 2017

Clipper Fleet, Dania Ship Announce Partnership

Photo: Dania Ship Management A/S

Dania Ship Management has announced plans to extend ship management capabilities to include dry cargo in a partnership agreement with Clipper Fleet Management, part of the Clipper Group. The partnership, which strengthens the commitment by V.Group, Nordic Tankers and Clipper Group to create a compelling platform for Copenhagen based ship management solutions, will see the transfer of 28 shore-based employees and around 1,000 seafarers to Dania Ship Management. With access to V.Group’s global marine services offering and Dania’s ship management platform…

11 Oct 2017

Clipper Bulk Consolidates

(File photo: Clipper Group)

Denmark based Clipper Group said it will simplify its operational and administrative setup in its core business area, the dry bulk market. Clipper will concentrate its bulk business in Copenhagen, Houston and Hong Kong going forward, closing its offices in Stamford, Sao Paulo, Rio de Janeiro, Singapore and Beijing. The company's offices in Barranquilla, Tokyo and Nassau will remain unchanged. “We want to make communication more effective and our response time to market changes shorter.

17 May 2017

Maersk Fluid Technology Sees SEA-Mate Order Influx

Photo: MFT

Maersk Fluid Technology (MFT) has reported a recent influx of orders for its SEA-Mate Blending-on-Board (BOB) system as confirmation of industry demand for technological solutions that enable ship operators to blend fit-for-purpose cylinder lubricant compositions on board their vessels that match actual engine operating conditions and fuel sulphur levels. The use of this type of technology can reduce cylinder oil consumption and alleviate issues such as cold corrosion and excessive cylinder wear, according to MFT.

20 Dec 2016

Noonan Named CMA's 2017 'Commodore'

Jack Noonan, CEO, Chembulk Tankers

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt.

11 Oct 2016

Gibdock Performs Quick Freight Ferry Repair

Photo: Gibdock

Gibdock has redelivered the Seatruck Ferries container/ro-ro vessel Clipper Point on-time, after a fast turnaround 11-day renewal project for the Clipper Group-owned operator. The ship has subsequently been introduced to Seatrucks’ Irish Sea operations. Returning Gibdock customer Seatruck scheduled the 5,193dwt Clipper Point to arrive in the yard on September 18. The 142m long (23m beam) freight ferry left the yard after the job’s completion on September 30. The scope of the project included completion of her statutory classification surveys involving inspections of the hull…

12 Mar 2016

Genco Shipping Posts Loss in 2015

Photo: Genco Shipping & Trading Limited

US-headquartered ship owner Genco Shipping & Trading Limited suffered a massive loss for 2015 just like the rest of the industry. However, the result represents a big improvement from the losses in 2014. Dry bulk carrier has managed to decrease its net loss to USD 49.5 million in the fourth quarter of 2015, compared to a net loss of USD 164 million seen in the corresponding period a year earlier. Genco’s revenues dropped to USD 35 million for the fourth quarter, compared to USD 55.7 million recorded in the same period in 2014. The decrease was primarily due to lower spot market rates.

11 Dec 2015

Norborg Steps in as Clipper Group CEO

Peter Norborg (Photo: Clipper Group)

Clipper Group has appointed Peter Norborg new Group CEO, succeeding current chief Frank G. Jensen, who will continue with the company as Chairman of the Board. Norborg will commence work in Clipper on April 1, 2016. Norborg, 49, comes from a position as Chief Operating Officer at Switzerland-based open hatch/dry bulk company Gearbulk, a position he has held since 2012. Before that, he spent 14 years at D/S Norden, latest as Executive Vice President and Head of Dry Cargo division. Peter holds an EMBA from IMD Business School.

26 Aug 2015

Clipper to Take Delivery of 2 Ultramax Newbuilds

Clipper Group announced it will take delivery of two SDARI64 newbuilding bulk carriers during the coming months from Sainty Shipbuilding in Yangzhou, China. The vessels, to be named Clipper Kalavryta and Clipper Kythira, were purchased as resales and will be technically and commercially managed by Clipper. The SDARI64s are next generation eco bulk carriers and designed to improve overall vessel performance. These particular vessels will in addition be delivered with special cranes with an above the average lifting capacity and grab volume. Both vessels are also equipped with the ballast water treatment system Electro Cleen System to meet new requirements and thus preventing spreading of invasive species between oceans.

05 Aug 2015

Bergeron to be Keynote Speaker at SHIPPINGInsight

Scott Bergeron

Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), has agreed to serve as a keynote speaker at the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition, which takes place in Stamford, Conn., Oct. 13-14. Bergeron joins four other distinguished keynoters at the annual maritime technology event. He will lead off the roundtable on “The Role of Class & Flag” in the “Efficient Ships” session on Tuesday, Oct. 13. Other keynote speakers are Gary Vogel…

08 Jul 2015

Vogel Appointed CEO, Eagle Bulk Shipping

Photo Eagle Bulk Shipping Inc.

The Board of Directors of Eagle Bulk Shipping Inc. today appointed Gary Vogel as Chief Executive Officer of Eagle Bulk, effective September 1, 2015. In addition to his new position, Mr. Vogel will also join the Board of Directors of the Company. Mr. Vogel will succeed Stanley H. Ryan, who will remain CEO until September 1 and then resume his position as an independent director of the Company. Paul M. Leand, Jr., Chairman of the Board of the Company, commented, "Gary Vogel brings over 25 years of experience as an operator in the geared dry bulk sector and has a proven track record of success…

06 Jul 2015

Fund Targets Mols-Linien

Photo: Mols-Linien

The Danish equity fund Polaris makes a tender offer on all shares of the ferry operator Mols-Linien, which sails on routes Odden-Ebeltoft and Odden-Aarhus. Polaris offered to pay 34 Danish crowns a share, valuing the ferry operator at 482 million Danish crowns ($71.7 million). The private equity group has entered an agreement with Clipper Group A/S to acquire their stake of 29.95% in Mols-Linien for an undisclosed price. In addition, Polaris received irrevocable advance commitments to purchase additional 46.24% stake in Mols-Linien from Nykredit Bank A/S…

10 Jun 2015

Odfjell Board Announces New CEO’s Start Date

Kristian Mørch (Photo: Odfjell)

Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced. His appointment was announced in May 2015. Mørch, a member of the board of Odfjell SE since May 2014, will step down as board director of the company from the same date. Mørch is Danish citizen with more than 27 years' experience in the shipping industry, of which more than 10 years have been in senior management positions, previously holding posts as co-CEO of Clipper Group, COO of Maersk Tankers, and other management positions in A.P.

04 May 2015

Odfjell Names Mørch President, CEO

Kristian Mørch (Photo: Odfjell)

The board of directors of Odfjell SE has appointed Kristian Mørch as the company's new president and CEO. He will succeed current president and CEO Tore Jakobsen by November 1, 2015. Mørch is a Danish citizen and presently holds the position as co-CEO of Clipper Group. He has previously been COO of Maersk Tankers, and has also held other management positions in A.P. Moller-Maersk. Mørch holds an MBA from IMD (Switzerland), and is an AMP graduate from Harvard Business School. He has been a member of the Board of Odfjell SE since May 2014.

06 Jan 2015

Clipper Establishes New Supramax Pool

Clipper Phoenix (Photo: Clipper)

Clipper has established the Clipper Sapphire Pool, a new commercial pool for modern Supramax grab fitted bulk carriers between 52,000 and 58,000 deadweight. The new pool will commence operation immediately, with 16 vessels initially committed to join in early 2015, of which Genco Shipping & Trading Limited (Genco) has committed 50% of the ships and Clipper the balance. Clipper currently operates a fleet of approximately 100 modern dry-bulk vessels. With the commencement of this newly established Sapphire Pool…

06 Dec 2014

Danish Maritime Takes Center Stage

Denmark’s Crown Prince Frederik at the Danish Maritime Forum.

The inaugural Danish Maritime Days was held with the goal of providing an open platform for a diverse range of industry stakeholders to collaboratively address some of the largest issues facing the maritime sector; but the event also showcased a resurging maritime nation asserting itself on the international radar. From October 6-10, 2014, maritime stakeholders from across the globe convened in Denmark for the inaugural Danish Maritime Days (DMD), held via a public-private partnership between Danish Maritime, the Danish Maritime Authority and the Danish Shipowner’s Association.

29 Aug 2013

Clipper Group's Per Gullestrup Retires

Per Gullestrup: Photo credit Clipper Group

Per Gullestrup is to retire from the Copenhagen-based diverse fleet shipowners, effective September 2013 but will remain a partner in Clipper Group. Frank G. Jensen 
Partner & Chairman 
Clipper Group said: "Per has been with Clipper Group since 1978, and has had a significant hand in the development and success of the Group. Effective September 1st, Clipper’s ro-ro activities will be headed by Group CEO Kristian Morch, and effective early 2014, Kristian Morch will also replace Per Gullestrup on the Board of Danske Færger.

19 Feb 2013

Nordic Shipholding to Exercise Divestment Option

Nordic Shipholding A/S decides to exercise its option agreement with Nordic Tankers Shipowning A/S and Clipper Group A/S. The option agreement referred to was dated 28, March 2012. In connection with the divestment of the chemical tanker activities in Nordic Shipholding A/S as referred to in company announcement no. 1/2012 and no. 5/2012 a vendor note with a total principal of USD 20,000,000 was issued by Nordic Tankers Shipowning A/S in favour of the company. The option allows Nordic Shipholding A/S to assign the vendor note to Clipper Group A/S against the termination of the company's obligations towards Clipper Group A/S in an aggregate amount of USD 15,000,000. Exercising the option will result in a loss of approximately USD 5 million for 2012.

05 Feb 2013

Clipper Vessels Certified by Lloyd’s Register

Kristian Morch (left) and Ian Revell.

Danish shipping company joins vanguard of ship operators using the 50001 energy management standard. On Friday in Copenhagen, Lloyd’s Register presented Clipper Fleet Management with ISO 50001 certification issued by LRQA, Lloyd’s Register’s provider of independent business assurance. “To us, the ISO 50001 certification is a valuable recognition and documentation that we’re doing the right things within fuel efficiency and energy management,” says Kristian Morch, Group CEO, Clipper Group.

31 Jan 2013

OW Bunker Buy Two Bunker Barges

OW Bunker acquire two bunker barges for Nordic operations: 'OW Copenhagen' and 'OW Aalborg'. Prior to the acquisition, OW Bunker operated both vessels on a bare-boat charter from international shipping company the Clipper Group. OW Copenhagen and OW Aalborg are modern double-hulled 3,500dwt tanker barges, built in 2006 and 2005 respectively. Both vessels have a tank capacity of 4,260 m3, fast pumping rates of up to 600 m3/hr and are oil major approved. As part of the company’s strategy to develop the highest standards within its physical division, the vessels also have Coriolis flow meters to ensure customers receive the right quantity of product during supply.

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