Svein Steimler is to step down as president and chief executive of NYK Group Europe after 27 years at the company.

In an extensive career in shipping spanning over 40 years, Steimler first came to prominence in helping build John Fredriksen’s shipping empire in the late 1980s and early 1990s.

He then went on to play a key role in internationalising NYK Line’s business from London.