2020 Bulkers reports million dollar profit for second quarter

In a challenging period for the dry bulk market, Tor Olav Trøim's dry bulk operator 2020 Bulkers was able to deliver a million dollar profit. Following delivery of the last of a total of eight vessels, the company's focus is now to create returns for its investors.

2020 Bulkers CEO Magnus Halvorsen. Photo: Marine Money

In a challenging second quarter for the dry bulk market, 2020 Bulkers, founded by Tor Olav Trøim, reports a solid profit.

The operating profit for the second quarter was a deficit of USD 4.7 million, while the result after taxes came to USD 2.4 million.

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