Kristian Gerhard Jebsen Skipsrederi (KGJS) has recruited Petter Mowinckel as its new head of dry bulk.

He will join the Bergen-based shipowner in August.

“Petter has more than 20 years experience in commercial and operational shipping, with extensive expertise in the dry bulk market,” KGJS said.

Mowinckel was previously vice president for bulk at operator G2 Ocean in Bergen.

He has also been an executive vice president at Grieg Star Bulk and a director at KS Joachim Grieg & Co.

KGJS owns and operates a fleet of four kamsarmaxes through Bulk Trading Group (BTG).

The vessels are almost exclusively employed in the grain trades.

BTG was originally established in the 1980s and the current fleet has been with in-house operations since delivery from the yards, according to the KGJS website.

The oldest vessel is the 81,100-dwt BTG Denali (built 2015) and the newest is the 82,400-dwt BTG Apo (built 2021).

In October, KGJS reached an agreement to purchase a 2023-built kamsarmax for delivery in 2024.

The owner is, at the same time, about to exit the tanker segment.

Its joint venture with Hayfin Capital, SKS Greentankers, sold the 119,500-dwt SKS Darent (built 2011) to Torm earlier this year, following a $399m deal to sell eight ships to the same company late last year.

“Our assessment of the market is that the timing of the sale is favourable and the transaction will accelerate the expansion of our dry bulk activities,” KGJS said in November.

SKS has one tanker remaining, the 119,500-dwt SKS Driva (built 2010).

Download the TradeWinds News app
The News app offers you more control over your TradeWinds reading experience than any other platform.