Kjell Inge Rokke's Ocean Yield has recruited Danske Bank's head of shipping as it booked a big loss for the third quarter.

The Oslo-listed sale-and-leaseback specialist said Oyvind Haraldsen will join from 1 January next year.

Haraldsen, who has been at Danske Bank for 15 years, will become managing director of Ocean Yield's Malta operation.

The company said Haraldsen has "extensive experience from ship financing from both Danske Bank and Nordea".