Company Stock Dropped as Danish CEO Resigns

Danish CEO Klaus Nyborg’s announcement that he planned to resign as CEO and Executive Director of Pacific Basin Shipping Ltd. in March 2012 made the stock of the company plunged 6.5 percent to HK$3.58 on Tuesday 5 September 2011.
 “Following the relocation of his family to Denmark earlier this year, Mr. Nyborg now wishes to be based in Denmark  with  his family,” the company statement said.  
 It added, that the board of the company has instructed a search firm to find his successor.
 Pacific Basin Shipping Ltd. is Hong Kong’s largest owner and operator of dry-bulk vessels. It operates in three main maritime segments under the banners of Pacific Basin Dry Bulk, PB Energy & Infrastructure Services, and PB RoRo. In total, the fleet – including newbuildings on order – comprises over 160 vessels.


About Gregers Møller

Editor-in-Chief • ScandAsia Publishing Co., Ltd. • Bangkok, Thailand

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