Wallem Group has made John-Kaare Aune permanent chief executive, after he spent nearly nine months as interim head of the ship manager following the resignation of Frank Coles.

Aune's appointment, effective from 1 October, recognises his hard work and commitment during what has been a challenging year for the maritime industry, said Wallem.

Chairman Nigel Hill said: "We have been very impressed with the calm and professional manner in which he has performed throughout his stewardship of the Wallem Group as interim CEO."