Copenhagen-based dry bulk operator XO Shipping reported an operating profit of $9.6 million for 2020. XO Shipping increased operating profit from $5.9 million in 2019. Furthermore, XO Shipping reported a profit after tax of $7.1 million for 2020. XO Shipping reported revenue of $232 million for 2020. According to Danish dry bulk operator XO Shipping, demand for bulk grain, minerals, steel, and cement shipping has been remarkably volatile in 2020. During the coronavirus pandemic, XO Shipping has achieved to service its charterers. Copenhagen-based dry bulk operator XO Shipping was established by Christian Levin in 2010. Currently, XO Shipping operates around 60 bulk carriers. Besides the Copenhagen office, XO Shipping has an office in Geneva. 29-April-2021
Ejner Bonderup is leaving as chief executive of Danish dry bulk operator XO Shipping. Ejner Bonderup was a former head of dry cargo bulk at Dampskibsselskabet NORDEN A/S. Ejner Bonderup joined XO Shipping in 2016. Copenhagen based XO Shipping was established by Christian Levin in 2010. Danish dry bulk operator XO Shipping operates around 25 handy dry bulk carriers in the spot market. 15-January-2019