It has got lonelier at the top for Paul Pathy as he assumes sole leadership of Fednav, Canada’s largest dry bulk shipping company.

His brother, Mark, had shared the chief executive role for the past six years. But, in mid-August, Fednav announced that Mark would be stepping down.

Paul Pathy now faces steering Fednav through a market that he says is “going to be a struggle for everybody going forward”.

But