Bjorn Tore Larsen is to step away from the day-to-day running of Norwegian shipmanager OSM Maritime, it has been confirmed.

The Arendal-based company said Tommy Olofsen will assume the role of chairman of OSM Maritime on a full-time basis.

He will in his new role, in addition to his current responsibilities, be responsible for strategic development, business relations and have a special focus on “preserving and developing the OSM DNA and its core values”.