Danish owner Norden has announced the hiring of Christian Christensen to head its dry cargo department.

Christensen's appointment to replace Ejner Bonderup, who resigned this summer to take over as chief executive at XO Shipping, was confirmed amid intense speculation on Monday.

The statement was released within an hour of TradeWinds reporting that Christensen was set for the job.

Christensen, 46, is a well-known shipping face in Scandinavia.

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