Tschudi Shipping's chief executive has said that his company will only return to shipowning with vessel employment secured.

The comments by Jon Edvard Sundnes came more than two years after the Tschudi Group company finalised the sale of its last two vessels.

“It is a bit sad to be out of shipowning,” Sundnes told TradeWinds.

Norway-based Tschudi Group, which has been in shipping since 1883, is controlled by fourth-generation owner Felix Tschudi, 60.