Norwegian shipowner Odfjell is not giving up on its cost-cutting plan Project Felix despite stripping out $100m in annual spending, its chief executive says.
Job losses and trade optimisation are among the 400 items on a list that contributed to the target being reached in February, Kristian Morch wrote in the company’s annual report today.
Morch said: “The bottom line for Odfjell is that we cannot rely on the markets to help us, so we have to focus on how we best utilise our markets, no matter what they offer.
“This
