Sector News

Cargill appoints new shipping head in further freight shake-up

March 7, 2016
Food & Drink

Commodities trader Cargill has appointed a new head of its shipping business, weeks after announcing it would close its London freight unit amid a worsening global seaborne market.

The dry bulk sector, which transports commodities such as coal and grain, continues to suffer from too many ships available for hire and slowing demand for goods, especially from top importer China, which has led to freight rates slumping to record lows.

Cargill, a leading shipping player, said on Friday Jan Dieleman had taken the helm since March 1 of its ocean transportation business, succeeding Roger Janson who had run the division since 2011.

Dieleman, who had run Cargill’s North America power and gas business since 2014, will operate from the group’s freight headquarters in Geneva.

Dieleman said in the statement he would work with the global team “to continue growing our business … despite the challenging times on the freight markets”.

Cargill said in January it would shut its London shipping office, citing the distressed state of the dry freight market.

Janson, a veteran figure in shipping, will head Cargill’s agricultural supply chain business in Europe, Middle East and Africa.

Last year, privately held Cargill Inc streamlined its executive team to speed up decision making and launched a restructuring that included job cuts.

By Jonathan Saul; Editing by David Holmes

Source: Reuters

Related News

February 21, 2021

Zero Waste Europe and ECOS tell EU “mass balance approach” is damaging plastics circular economy

Food & Drink

The signatories delivered a joint letter yesterday evening to the EC advising it to establish a “transparent, ambitious, and circular ‘chain of custody’” method instead.

February 21, 2021

Beyond the Bag Challenge reveals nine winners: “No single answer” to plastic bag pollution crisis

Food & Drink

Funded with US$15 million, the competition took off last July, prompting “suppliers, designers and problem-solvers” to submit environmentally sustainable design solutions and standard plastic bag alternatives.

February 21, 2021

Carlsberg to trial low-carbon glass beer bottles

Food & Drink

Carlsberg Marston’s Brewing Company has partnered with Encirc to trial a glass beer bottle that has the potential to cut the carbon impact of its bottles by up to 90%.

Send this to a friend