HP Shipping, the Genoa-based dry cargo and heavylift shipbroker, is opening a Swiss office.

A new branch will be established in Geneva under the name of DNP HB Shipping.

It will be headed by dry cargo veteran Edoardo Olivari, who will develop the business with the growing number of commodities trading businesses that operate out of the Swiss canton.

The move marks a geographical diversification of the Genoa-based dry cargo and project broker, which was established in 2009 when director Maurizio Gozzi and several other brokers left Clarkson Italia.