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Fruergaard To Take Over As CEO Of Pacific Basin


Fruergaard to Take Over as CEO of Pacific Basin
Maritime Activity Reports, Inc.
(Photo: Pacific Basin Shipping)
Hong Kong-headquartered dry bulk shipping company Pacific Basin announced Wednesday that Martin Fruergaard will take over as CEO, replacing longtime chief executive Mats Berglund, who has decided to retie. 
Fruergaard, the current CEO of Danish gas shipping company Ultragas, will relocate to Hong Kong and join Pacific Basin in early July. He brings to the role significant maritime leadership experience, having previously occupied senior positions in Maersk Bulk Carriers, Maersk Tankers and Maersk Drilling.
Berglund was CEO of Pacific Basin for nine years, and his retirement will take effective July 30. He previously held leadership roles within the Swedish shipping company Stena Group as well as U.S.-based Overseas Shipholding Group and Singaporean bunker trader Chemoil Energy. ....

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