Former Norvic Shipping executives Mudit Paliwal and Henrik Jeremiassen are preparing to raise the curtain on a rival dry bulk operating company, Hellerup-based Delta Corp Europe.
TradeWinds understands they intend to take along key former colleagues from Norvic management for the asset-light venture.
The news comes amid market rumours that AJ Rahman-controlled Norvic is up for sale, which the New York-based Canadian shipping man firmly denied as it lays out a bid to grow beyond dry bulk operating through outside investment.
