Shipbroker Fearnleys is expanding into Sweden by opening a new office in Stockholm.

The company has hired broker Peter Ulfvin to kick-off business at the newly established Fearnleys Sweden.

Ulfvin, who is from Stockholm and has previously worked for Cargill in Switzerland on panamax operations, told TradeWinds that the new venture will cover the bulk trades from coastal vessels up to handysize ships for clients in Sweden, Finland and the region.