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Norvic Shipping hires new CEO for dry bulk division

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Dry Bulk,

Norvic Shipping has appointed Peter Borup – the former VP of J. Lauritzen – as the CEO of the company’s dry bulk division.

Borup’s employment was effective 1 August.

Borup stated: “I am excited about joining Norvic, a company that has exhibited remarkable growth in the dry cargo markets over the last three years and a company that still has significant potential for further growth. The opportunity that lies ahead for Norvic is enormous, and the ability to lead this next chapter is incredibly exciting.”

Borup’s hiring comes on the back of the company’s growth ambition. ShippingWatch recenty interviewed Mudit Paliwal, CEO of Norvic Shipping's European headquarters and COO of Norvic Shipping, who stated: "Last year, we freighted approximately 22 million t and, based on our total freight volumes the past four to five months, we expect to end 2018 at around 40 million t. We're in the middle of a dramatic growth spurt, and the development in the dry cargo market has supported our plans.”

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