Dry CargoEurope

2020 Bulkers declares options on newcastlemax pair

Tor Olav Trøim’s 2020 Bulkers has declared options at China’s New Times Shipyard for a pair of newcastlemax dry bulk vessels.

2020 is paying around $44.7m for the pair, which are scheduled for delivery in December 2019 and January 2020.

The company has also announced a private placement of 1,150,000 new shares to raise $5m for the initial deposit on the ships.

Founded in October, 2020 Bulkers now has four newcastlemaxes under construction at New Times and holds options for four more. Its first delivery is scheduled for September 2019.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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