Bulk

Songa Bulk reduces deficit

Songa Bulk, controlled by Arne Blystad and Herman Billung, has enjoyed higher rates in this year's second quarter. The Norwegian shipowner's fleet has also grown to a total 13 ships.
Herman Billung is CEO of Songa Bulk, which he founded with fellow Norwegian Arne Blystad. | Photo: Marine Money
Herman Billung is CEO of Songa Bulk, which he founded with fellow Norwegian Arne Blystad. | Photo: Marine Money
by NIKLAS KRIGSLUND

Norwegian shipowner Songa Bulk shrank its deficit in the second quarter while the company also continued its rapid fleet expansion.

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