Clipper says it is simplifying its operational and administrative setup in the bulk sector by closing Clipper Bulk offices in Stamford, Sao Paulo, Rio de Janeiro, Singapore and Beijing.
The company will instead concentrate its bulk business in Copenhagen, Houston and Hong Kong. “Fewer but larger hubs will allow us to service our customers and to operate our fleet more efficiently,” Clipper said in a statement.
Clipper Bulk offices in Barranquilla, Tokyo and Nassau will remain unchanged.
Peter Norborg, group CEO of Clipper, commented: “Within the last year, Clipper has grown its operated bulk fleet from 100 to 150 vessels. We want to make communication more effective and our response time to market changes shorter. It is my belief that both the company and our clients will be able to feel the benefit of this change from day one.”
In June, Clipper Group CFO Flemming Steen, commenting on the dry bulk unit’s performance, said: “In terms of rate levels, 2016 was a difficult year for the industry, but the market improved significantly during the last months of the year, and this development continued in 2017.”