Henning Oldendorff’s three daughters have taken shareholdings in Oldendorff Carriers, giving a first glimpse of the next generation at the German owner-operator.

Henning, chairman of the 103-year-old bulker group, will remain a “key” shareholder but declined to disclose the size of his stake.

Oldendorff Carriers is not naming the three daughters publicly out of respect for their privacy.