IMC Shipping has experienced commodities shipping executive Michael Holm to head its dry bulk business.

Holm, whose most recent post was Head Global Shipping for LH Shipping, has been appointed as Managing Director of IMC Dry Bulk. The company said he would work closely with Commercial Directors Kim Tae Kyun and Keith Denholm to execute its asset light strategy.

Frederik Guttormsen, Managing Director of Shipping, IMC Industrial Group, said: “Michael’s broad experience and strong track record in Dry Bulk shipping, on both on the cargo and ship side, will be instrumental in guiding our further expansion, sustainability focus and value creation for our customers, partners and our community.”

Holm beings with him 36-years experience in dry bulk shipping including with Glencore International and Trammo.

Holm commented, “I’m excited to be joining the IMC Shipping team in the backdrop of an outstanding year for the dry bulk market. In addition to building on our core strengths, we will also continue to forge synergies within the Group to further develop our solutions-focused freight services.”

IMC has also hired former Louis Dreyfus Armateurs executive Vincenzo De Falco to head its Solution Shipping business.

Guttormsen said “Vincenzo’s focus will be to expand our solution shipping segment in line with the overall growth and integration of the companies within the group.”

Source: Seatrade Maritime News