Dry Bulk Investments
Songa Bulk is an investment vehicle established to invest in dry bulk assets at historically low levels. The company seeks to actively manage the cyclicality of the dry bulk market by investing at low levels and subsequently focus on returning capital to shareholders through asset sales and/or dividends as the market recovers.
Songa Bulk was founded in 2016 by the Blystad Group, an experienced shipping investment group and ship owner with a strong track record from shipping asset play, and Mr Herman Billung, former CEO of Golden Ocean.
Our headquarters are located in Oslo, Norway. Commercial management as well as Operations is done by our in house management. Our experienced partners in UK and Greece are handling the technical management of the vessels.
Songa Bulk AS has acquired 10 quality dry bulk vessels at historically low values during 2nd half 2016 and Q1 2017.