Arne Blystad’s dry cargo asset play project with Songa Bulk has not concluded with the sale of the company to Star Bulk Carriers, with the deal providing Oslo with a second dry cargo giant to rival Golden Ocean.
Blystad - who famously sold his tankers to Axel Eitzen at peak prices - began building Songa Bulk in late 2016 and its fleet of 15 ships are being folded into Star Bulk in a cash and shares deal.
