John Fredriksen’s Seatankers Group has appointed finance and shipping veteran Tor A Svelland as its new chief executive.

Svelland, currently CEO of hedge fund Svelland Capital, joins the shipowning group with immediate effect.

TradeWinds is told this is a new position, although it follows the departure of key executive Harald Thorstein in last autumn.

Marius Hermansen is the group chief operating officer.