Trøim invests in LNG-powered dry bulk newbuilds

Norwegian shipping investor Tor Olav Trøim divests some of his shares in 2020 Bulkers. According to Finansavisen, he does so to free up funds for LNG-powered dry bulkers.

Photo: PR / Marine Money/Marine Money

Tor Olav Trøim plans to spend the money earned on selling his shares in 2020 Bulkers on ordering four new dry bulk vessels that will use LNG as a fuel, writes Finansavisen.

This report comes after Trøim decided to divest a considerable number of shares in the dry bulk company he helped found. The sale comes after a significant increase in the share price in 2021, in which the dry bulk sector benefits from very strong markets.

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