Another high-profile Scandinavian shipowner is looking for a new boss after Kristian Morch said he will leave Norwegian chemical tanker owner Odfjell.

The Dane has served seven years at the helm of the Oslo-listed company as chief executive.

Morch has informed the board he will stay on until a successor is in place.

The board has brought in Russell Reynolds Associates in Oslo as an advisor in the recruitment process.

Morch stressed to TradeWinds the move is not connected to Oslo-listed rival Stolt-Nielsen buying a 5% stake in the company.