Bulk

Herman Billung wants to buy new ships for USD 50 million

By November Songa Bulk will have its fleet in place, Herman Billung tells ShippingWatch. Together with Arne Blystad, Billung controls the relatively new dry bulk company.
Photo: Marine Money
Photo: Marine Money
by KATRINE GRØNVALD RAUN

Songa Bulk is not done spending money, and over the next three months the young bulk company will use another USD 50 million to complete its fleet, says CEO Herman Billung to ShippingWatch, after the release of the interim report from the company, founded last fall by Billung along with Arne Blystad.

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