ShippingWatch

2020 Bulkers completes investment program in new ships

2020 Bulkers has taken delivery of the last of a total of eight new ships. Now the focus is on creating returns for investors, writes the dry bulk shipping company.

Magnus Halvorsen is CEO of 2020 Bulkers, which was established in 2017 by Norwegian investor Tor Olav Trøim. Photo: Marine Money

2020 Bulkers, founded by Tor Olav Trøim, has now taken delivery of all its eight newly built newcastle ships of 208,000 dwt, built in South Korea.

The last in line will in a few days start sailing on a time-charter arrangement with Glencore subsidiary ST Shipping on a contract 35-37 month contract.

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