Clipper Group chooses Hong Kong as Asia base

Danish dry bulk specialist, Clipper Group has revealed its Asian headquarters will be in Hong Kong. The announcement follows news that the company would consolidate its dry bulk business into three global operating centres, the other two being Copenhagen and Houston.

Clipper Group said other offices in Stamford, USA, Sao Paulo and Rio de Janeiro in Brazil, Singapore and Beijing are to close.

The company insisted that it would maintain a global presence through fewer but larger hubs.

“Within the last year, Clipper has grown its operated bulk fleet from 100 to 150 vessels. We want to make communication more effective and our response time to market changes shorter. It is my belief that both the company and our clients will be able to feel the benefit of this change from day one”, said Peter Norborg, Group chief executive.

There appears to have been a change in company strategy since Clipper Group opened its office in Hong Kong in March this year. At the time it was suggested that Hong Kong would complement and strengthen the existing coverage in the region provided by Singapore.

“We are excited by the prospect of expanding Clipper’s activities in East Asia. By strengthening Clipper’s local presence, we can serve our Chinese clients more efficiently and explore the business opportunities in the market better while growing our activities in the Pacific,” Mr Norberg said at the time.

Clipper Group owns and operates a fleet of around 150 handysize and supramax vessels, transporting a wide range of cargo from dry bulk to break bulk. The company also operates in the ro-ro an ferry segments.

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