Experienced investment banker Marius Halvorsen has moved to the other side of shipping's financial divide after returning from a brief career hiatus with a new role at Norway's Arendals Dampskibsselskab (ADS).

In April, Halvorsen made a shock departure from Fearnley Securities, where he was chief executive.

Shipowner ADS said on Thursday that Halvorsen has been appointed chief commercial officer to work with chief executive Terje Bodin Larsen.