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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.

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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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Latest news

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  2. Evergreen affirms authority's million-dollar claim and calls it "unsubstantiated"
  3. Supercharged container market rubs off on Pacific Basin's bulk rates – at decade-high
  4. IEA upgrades outlook for global oil consumption
  5. Hapag-Lloyd places major order for new containers
  6. Hitecvision-owned venture to bet on offshore wind
  7. Panama Canal raises booking fees
  8. Ever Given's shipmanager hopes to avoid negative fallout from Suez accident
  9. The IMO to expand council by 12 additional member states
  10. Maersk's position as world's largest is coming to an end
  11. Danish Maritime Authority turns case about Norden's false logbooks over to the police
  12. Greek alliance with environmental NGO on carbon quotas attracts attention
  13. Egypt to seize Suez ship Ever Given pending USD 900 million compensation
  14. Language changes in job postings to attract more women at Odfjell
  15. Turkey proposes ban against the use of open-loop scrubbers
  16. Monjasa lifts bunker sales to record levels in 2020
  17. Lauritzen Bulkers: Operators and the climate are in a tight spot
  18. Eimskip books operational profit in the first quarter
  19. Former Hamburg Süd CEO takes over as chief executive of the Offen Group
  20. BW-dominated Navigator Gas takes over Ultragas in multimillion-dollar trade

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