Songa Bulk buys Kamsarmax vessel

CEO Herman Billung and Songa Bulk have added another ship to the fleet, an 82,000 dwt Kamsarmax vessel. Thursday, Billung told ShippingWatch that the company had USD 50 million to spend on new vessels.

by SØREN PICO

Norwegian carrier Songa Bulk has reached its goal of another vessel acquisition, bringing the company's total fleet in the relatively new bulk company up to 14 vessels.

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Herman Billung wants to buy new ships for USD 50 million
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John Fredriksen's bulk carrier expects huge rate fluctuations
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Songa Bulk reduces deficit
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