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.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs