Martin Egvang has joined the newly formed Danish dry bulk operator Danbulk as its chairman of the board.

Egvang was previously the CEO of Copenhagen-based shipowner and operator Lauritzen Bulkers. He stepped down from the role in March last year, citing stress issues. Before that, he was the CEO of another Danish operator, Integrity Bulk.

In addition to Martin Egvang as chairman, the board of Danbulk consists of Kim Larsen as vice chairman, Martin Kristensen, and Thomas Nielsen, the company’s CEO.

The company stated that, with this appointment, “the company welcomes a highly experienced profile from the shipping and business industries to lead the Board’s work during a period of strategic growth and expansion”.

“We look forward to working together to further develop Danbulk and create even greater value for our customers and business partners globally,” said Nielsen.