A former manager at Saudi Arabian shipping giant Bahri has been hired to build a tanker team at new Dubai shipbroker OceanEXL.

Captain Rakesh Yadav, most recently CEO at Dubai’s Emarat Maritime, has been given the task of building a 15-strong team in 2023.

Dubai has emerged as a growing centre of the tanker sector following changes to trade flows and ownership caused by Russia’s invasion of Ukraine.