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New dry bulk investor raises almost USD 75 million

Norwegian dry bulk duo Songa Bulk, consisting of Herman Billung and Arne Blystad, has raised close to USD 75 million for investments in dry bulk vessels. Billung and Blystad have both injected their own money into the project, which has now purchased its first vessel.

New dry bulk duo to raise millions for acquisitions

The new Norwegian dry bulk duo consisting of Arne Blystad and former Golden Ocean CEO Herman Billung has now kicked off its hunt for capital. At first the duo is looking to raise USD 50 - 100 million, Herman Billung tells ShippingWatch.

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