Norwegian investment company Glastad Holding is benefiting from its recent spending in the handysize bulk sector as the market continues to recover.
Glastad's 75%-owned subsidiary Njord Shipping now has investments in 12 handysize bulkers with the ships all built after 2010, according to the company.
While Glastad admitted that its increased outlay in shipping exposes it to market volatility, it is only “to a limited extent”, its annual report says.
