2020 Bulkers ends golden year with strong Q4

2020 Bulkers is one of the first dry bulk carriers to inform of earnings in Q4 2021, which ends a historical year on the dry bulk market.

Shipping investor Tor Olav Trøim, who founded 2020 Bulkers and still is a major shareholder, although he has sold out of shares in the company. | Photo: PR / Marine Money/Marine Money

2020 Bulkers, founded by Norwegian shipping investor Tor Olav Trøim, finishes a fantastic year on the dry bulk market with a strong Q4 which saw the operating income more than quadrupled at USD 28.5m compared to the same period in 2020.

Revenue continued the explosive progress as well in the last months of the year and landed at USD 37.7m, an increase of 158 percent compared to the same quarter in 2020.

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