Ultrabulk Shipping is undergoing structural changes that will see Dubai-based veteran Henrik Sleimann Petersen leave this month.

Chief executive Hans-Christian Olesen said the Danish dry bulk outfit has made big changes in realigning its sale-and-purchase and long-term activities over the past year.

As a consequence, he said that Petersen — the group director heading the global S&P and tonnage procurement activities — has chosen to leave as of 31 January.