ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs