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BT Shipping chief appointed

BT Shipping has appointed Terje Askvig managing director of its British subsidiary BT Shipping (London).

Mr Askvig has the support of Norwegian shipping group Loki, which holds a 49.6 per cent stake in BT Shipping.

BT Shipping has been led by chairman Eddie Pollock since its flotation on Nasdaq in 1989.

It operates a fleet of six 69,900 dwt product tankers and a single 80,000 dwt tanker.

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