Norvic Shipping

Dry bulk ship operator Norvic Shipping chartered in an ultramax on a long-term basis. Chairman AJ Rahman-led dry bulk ship operator Norvic Shipping chartered in and renamed 2023 built ultramax bulk carrier 64K DWT MV Norvic Copenhagen from Fujimaru Kaiun. Japanese shipowner Fujimaru Kaiun ordered the ultramax bulk carrier at Imabari Shipyard. Dry bulk ship operator Norvic Shipping has determined to take newbuildings into the fleet of 125 ships in response to extending business and to meet the commitment to new environmental regulations such as the Carbon Intensity Indicator (CII). Norvic Shipping moves approximately 45 million tonnes of cargo every year. Currently, Norvic Shipping employs approximately 170 people across the company’s network of 11 offices worldwide. Currently, Norvic Shipping has offices in Copenhagen, Toronto, New York, Houston, Dubai, Singapore, New Delhi, and Dubai. 17-January-2023

 

Dry bulk ship operator Norvic Shipping held party at Fullerton Bay Hotel in Singapore. Chairman AJ Rahman-led dry bulk ship operator Norvic Shipping has a 25 team members in Singapore office. In 2006, AJ Rahman established Norvic Shipping in Toronto. Currently, Norvic Shipping has offices in Copenhagen, Toronto, New York, Houston, Dubai, Singapore, New Delhi and Dubai. Furthermore, Singapore play a central role in Norvic Shipping’s operations. Norvic Shipping was concentrating on tanker segments and still has an insignificant involvement in the tanker market. Dry bulk ship operator Norvic Shipping controls approximately 125 bulk carriers at any one time. Norvic Shipping moves approximately 45 million tonnes of cargo every year. Currently, Norvic Shipping employs approximately 170 people across the company’s network of 11 offices worldwide. 16-November-2022

 

Dry bulk ship operator Norvic Shipping appointed Michael Fenger as the CEO and global head of dry cargo chartering. Previously, Michael Fenger was the MD (Managing Director) of Norvic Shipping’s Atlantic trade. Norvic Shipping’s new CEO and global head of dry cargo chartering Michael Fenger has worked in dry bulk shipping for 39 years, including 10 years working for now-defunct dry bulk operator Copenship. Michael Fenger will continue to work at Norvic Shipping’s Copenhagen office. Michael Fenger replaces Mudit Paliwal as Norvic Shipping’s COO (Chief Operating Officer). In 2019, Mudit Paliwal resigned from the dry bulk ship operator Norvic Shipping. In 2019, Mudit Paliwal and Henrik Jeremiassen left Norvic Shipping and established Delta Corp Europe ApS. Delta Corp Europe ApS is 100% owned by Dubai-based Delta Corp Holdings Ltd. 11-February-2020

 

Dry bulk ship operator Norvic Shipping’s ex-employees established Denmark-based Delta Corp Europe ApS. Delta Corp Europe ApS intend to take along key former colleagues from Norvic Shipping’s chartering desks. Amid shipping market rumors that Chairman AJ Rahman-led dry bulk ship operator Norvic Shipping is up for sale, which AJ Rahman firmly rejected as it lays out a bid to grow beyond dry bulk operating through outside investment. Lately, Mudit Paliwal and Henrik Jeremiassen left Norvic Shipping and established Delta Corp Europe ApS. Delta Corp Europe ApS is 100% owned by Dubai-based Delta Corp Holdings Ltd. Dry bulk ship operator Norvic Shipping’s Dubai Office’s CEO Peter Borup was reluctant to be drawn on his former coworkers’ start-up business. Delta Corp Europe ApS. plans to follow an asset-light operating method similar to Norvic Shipping. Delta Corp Europe ApS hired approximately 20 employees for the new start-up in Denmark. Previously, Mudit Paliwal was COO (Chief Operating Officer) and Henrik Jeremiassen was MD (Managing Director) of Norvic Shipping’s Denmark office. Mudit Paliwal was hired by Norvic Shipping as a veteran of Caravel Group, where Mudit Paliwal was MD (Managing Director). Henrik Jeremiassen held leading roles at Ultrabulk and Thoresen Thai Agencies. Mudit Paliwal and Henrik Jeremiassen left Norvic Shipping after CEO Peter Borup recruited from J Lauritzen. 7-November-2019

 

Toronto-based bulk carrier operator Norvic Shipping has been moving key managerial positions to New York. Toronto-based bulk carrier operator Norvic Shipping needs to be closer to the business atmosphere in the US market. Currently, Norvic Shipping is led by CEO Peter Borup. Toronto-based bulk carrier operator Norvic Shipping operates mostly handy and supramax bulk carriers. Norvic Shipping has not been considering to invest in bulk carriers. Norvic Shipping is endeavoring to remain as a pure operator. Norvic Shipping has even avoided taking ships on long-term charters. Currently, in this volatile shipping market, it is feasible to prefer short-term charters. Norvic Shipping reported a profit in 2018. Norvic Shipping’s main purpose is to operate more efficiently with the current team. Norvic Shipping has been located in Copenhagen, Toronto, New York, Houston, Dubai, Singapore, New Delhi and Dubai. Norvic Shipping was founded in Toronto in 2006. Initially, Norvic Shipping was concentrating on tanker segments and still has an insignificant involvement in the tanker market. In 2018, Norvic Shipping has doubled its turnover. 7-August-2019

 

Toronto-based tanker and bulker operator Norvic Shipping appointed Urs Dur as the new Chief Financial Officer (CFO) in the New York office. Urs Dur recently worked as Chief Financial Officer (CFO) at Guardian Navigation formerly known as TBS Shipping. Prior to Guardian Navigation, Urs Dur has held senior positions at Clarkson Capital Markets, Lazard Capital Markets, DVB Bank and Marine Money International. Norvic Shipping operates about 100 dry bulk carriers. Recently, Norvic Shipping has been shifting its management functions to the New York office. 4-February-2019