Trafigura’s head of tanker chartering, Rasmus Bach Nielsen, is moving on from his shipping role to take up a new position in his home country of Denmark.

Well-known industry face Bach Nielsen, who has been global head of wet freight shipping since he joined Trafigura in August 2014, is understood to be taking up a position with the trading giant's new power and renewables team which is still to be "further defined", sources close to the company said.