October 1 2020, Singapore – The China Navigation Company Ltd (CNCo) today announced that effective 1^st January 2021 it has appointed Peter Norborg as CEO of Swire Bulk Pte Ltd (Swire Bulk). Following the separation of its dry bulk shipping activities from its liner shipping and fleet management businesses Swire Bulk will be established as a standalone privately held company head-quartered in Singapore on the 1^st January 2021.

Peter is a highly experienced manager who has held several top-level management positions in leading shipping companies. Peter has been the CEO of Clipper Group since 2016 and instrumental in Clipper’s strategic reorganisation and the re-focus on their dry bulk business.

“We are delighted that Peter will be joining Swire Bulk as CEO. He brings a wealth of shipping experience and strategic leadership to the role. Peter will work closely with Rob Aarvold as General Manager of the operating business to help oversee Swire Bulk’s continued development as a high-quality global dry bulk business. Swire Bulk has built an excellent reputation in a relatively short period of time and is well-placed to be a market leader in the dry bulk sector” commented Sam Swire, Chairman of CNCo.

“Swire Bulk has grown rapidly over the last eight years and has built an experienced and high-performing team with over 100 employees across 9 offices around the world. It has a strong customer centric culture and an ability to build high-valued partnerships with tonnage providers, trading houses and our core industrial client base. I look forward to working with Peter as we continue to grow the business” commented Rob Aarvold, Swire Bulk General Manager.

Swire Bulk operates one of the youngest fleets on the water, it is well-positioned to out-perform the market and to reduce CO2 emissions by deploying the most fuel-efficient vessels in the sector. Swire Bulk’s fleet will grow in the coming years with the addition of 8 new-build Handysize Oshima 37,000dwt vessels to be delivered from Q4 2020. Today, Swire Bulk operates a fleet of up to 150 vessels predominantly in the Handysize and Supra/Ultramax sectors.

It will be business as usual for Swire Bulk’s customers, tonnage partners and all related stakeholders both before and after the establishment of Swire Bulk as an independent entity.

About The China Navigation Company

CNCo is the wholly owned deep-sea ship owning and operating division of the multinational Swire Group. CNCo was founded in 1872 in Shanghai and started its operations trading on China’s Yangtze River. Since then the company has expanded globally while its primary operational focus remains in the Asia-Pacific region. The company operates a global network of multipurpose liner services for the transportation of containerised, breakbulk, heavy lift and project cargoes in addition to providing dry bulk and bulk logistics services on a worldwide basis. The company today employs around 2,500 employees globally and owns and operates about 180 vessels consisting mainly of dry bulk carriers and multipurpose liner vessels. The business is focused on being a leading provider of sustainable and innovative shipping services and being partner of choice.

For more information, please see https://www.swirecnco.com

Media contacts

Eleanor TAN
Mobile: +65 8399 4019
Email: corpcomms@swirebulk.com

Stella CHOO
Mobile: +65 9126 2595
Email: corpcomms@swirebulk.com