Herman Billung felt bad for investors when the stock price plummeted: "It was damned unpleasant"

When the Covid-19 pandemic was at its worst, Herman Billung was left with an unpleasant sensation as he watched Star Bulk's stock price plummet, two years after selling small venture Songa Bulk to the Greek shipping major and convincing investors to follow suit. Was it the right decision to convince them to sell and reinvest back in 2018?

Watching the Star Bulk stock price drop during the pandemic left Billung with an unpleasant feeling towards the investors. | Photo: Marine Money

With 32 years in shipping, Herman Billung has gained solid experience and knowledge of the industry. However, knowledge doesn't always equate to confidence, and the 63-year-old Senior Vice President realized as much when the global Covid-19 pandemic took hold.

Following a long career as head of Golden Ocean and period at the Klaveness group, Billung moved into new territory in 2016 when he established his own dry bulk carrier. In collaboration with Arne Blystad, Billung launched Songa Bulk.

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

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs