Tomini has begun the process of bringing the management of its vessels in-house.
The Dubai-based dry bulk shipowner has scrapped its commercial management agreement with Denmark’s Alpina Chartering and expects the shift of vessels to the new management structure to take place over the coming year.
The deal between the two companies stretched over 40 years, with Tomini managing ownership and technical operations while Alpina handled commercial management.
The transition will see Tomini take over full responsibility for all aspects of commercial management, including chartering, freight operations, and client relationships.
“This decision reflects Tomini Group’s commitment to further enhancing its operational efficiency in line with its long-term strategic goals,” the company said.
The Norwegian OTC market-listed privately owned group lists 24 ships on its website, comprising handysize, ultramax, kamsarmax and capesize bulkers. It has a crew management centre in Mumbai and Karachi and is also involved in the classic cars business.