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Carsten Mortensen

BW Group ceo Carsten Mortensen quits

BW Group ceo Carsten Mortensen has resigned from the Singapore-headquartered shipowner with immediate effect.

A statement from BW said that the Danish executive was resigning from the company for personal reasons.

BW chairman Andreas Sohmen-Pao said Mortensen had made significant contributions to the group. “Carsten and I have had a great partnership working closely together to grow the company, but the non-stop travel and living on two continents eventually reached a natural limit for him. We are very grateful to Carsten for his contributions and wish him all the best for the future.”

Mortensen was also the acting ceo of BW Tankers after Tina Revsbech left the role heading the tanker unit last month.

The Danish executive joined BW from Norden where he had spent nearly a decade as ceo, and worked for the company for some 17 years.

BW Group is a third generation family-owned shipowner comprising both private and public-listed entities. It is currently involved in an unsolicted takeover offer from New York-listed Dorian LPG by its unit BW LPG, and recently took a 43.5% stake in Hafnia Tankers.

Read more on BW Group:

BW's Sohmen-Pao astonished by amount of new equity in shipping given rates of return

BW acquires 36.3% stake in Hafnia Tankers taking shareholding to 43.5%

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