Denis Petropoulos has been elected chairman of the Baltic Exchange Council and will start in the new position on 1 June.

He will replace Duncan Dunn, who has held the post since January 2018.

"During my term in office I intend to pay particular attention to raising awareness of the maritime industry to the younger generation," Petropoulos said of his new appointment.

"At the same time I want to ensure that Baltic members' ideas and concerns are heard at Council level, as well as support the Baltic's drive to increase its profile in Asia."

Petropoulos has been a Baltic Exchange member since 1999 and has held positions on the Baltic board 2002-2007 and joined the Council in January 2019.

"Denis Petropoulos is a highly respected and well-known shipbroker who played a critical role in the setting up of the Baltic tanker indices in the late 1990s," said Mark Jackson, chief executive of the Baltic Exchange.

Petropoulos was a founding partner of Braemar Tankers and remains a significant shareholder at Braemar Shipping Services.

Most recently, he headed up Braemar's Singapore office for seven years, before returning to the UK.