Canada’s Fednav has strengthened its senior management team with the appointment of Frank Mortensen as head of strategy.
Mortensen, who has a shipowning and shipbroking background, will be based in Fednav’s office in Geneva from February.
Fednav’s president and chief executive officer Paul Pathy was not available for comment. Mortensen’s LinkedIn page confirms he has joined the company.
Mortensen was the former chief executive of Maersk Broker Bulk Chartering (MBBC). He left the outfit in June last year after spearheading the company for six and a half years.
Mortensen has always been in the dry bulk business. Before MBBC, he was the senior vice president of Clipper Group and was the ex-president and chief executive/partner of Lightship Chartering.
Meanwhile, Yoshiyuki Tamei has replaced Shigeki Nakagawa in Fednav’s Tokyo office as president. Nakagawa, who joined Fednav in the mid-1980s, retired late last year. Tamei was previously working in the Japanese trading house Sumitomo Corp.
A privately owned company, Fednav is a leading operator in the international trade involving lakes-fitted bulkers and the Canadian Arctic. It operates more than 120 owned and chartered bulk carriers up to ultramax size.
The Montreal-headquartered company has 10 lakes-fitted bulker newbuildings under construction at Oshima Shipbuilding in Japan. The efficient fuelled 34,500-dwt newbuildings were ordered in 2021 as part of the company’s fleet renewal programme.
Fednav is scheduled to take delivery of the first vessel in July this year and the 10th newbuilding in April 2025.
