Toronto-based bulker owner Norvic Shipping is conducting changes to its management structure and is moving key roles to New York, chief executive Peter Borup confirmed.
Former chief operating officer Mudit Paliwal and Henrik Jeremiassen, previously managing director in Denmark, have left and their positions have not yet been filled.
We did one or two one-year deals, but in this demanding market, it makes sense to go short on tonnage
CEO Peter Borup
Norvic stressed that the two left “by mutual agreement”.
