Fearnley Securities analyst Erik Hovi is moving over to Nordea to relaunch the Nordic lender’s shipping equity research as part of a wider maritime push.

The Oslo-based former Clarksons Securities man has been headhunted by the Oslo-listed bank and begins in the new role next week.

Nordea has not had a dedicated shipping analyst for a couple of years, although there is coverage of AP Moller-Maersk in Denmark from a more industrial angle.