Clipper Consolidates Bulk Segment

Clipper Copenhagen-based shipping company Clipper Group revealed plans to consolidate its bulk activities into three hubs. Clipper will simplify its operational and administrative set-up in its strongest field of business, bulk We will concentrate our bulk business in three locations: Copenhagen, Houston and Hong Kong, the company said in a statement. Consequently, Clipper will close its offices in Stamford, Sao Paulo, Rio de Janeiro, Singapore and Beijing. As explained, the companys offices in Barranquilla, Tokyo and Nassau will remain unchanged. Fewer but larger hubs will allow us to service our customers and to operate our fleet more efficiently, according to Clipper. “Within the last year, Clipper has grown its operated bulk fleet from 100 to 150 vessels. We want to make communication more effective and our response time to market changes shorter, Peter Norborg, Clipper Group CEO, commented. Clipper Group operates a fleet of around 150 Handysize and Supramax vessels. In addition to bulk, the company has complementary businesses in the RoRo and ferry segments.