Blystad readies $100m bulker binge

Blystad readies $100m bulker binge

Arne Blystad is taking his dry bulk ambitions to the next level with an over the counter offer on the Oslo Bors in a bid to raise $100m for a serious bulker binge. Blystad, who took on ex-Golden Ocean boss Herman Billung four months ago to spearhead a dry bulk attack, will be chasing secondhand supramaxes and kamsarmaxes.

Many other shipping tycoons have entered the market this year to snap up cheap bulker tonnage, not least John Fredriksen and the BW Group.

Blystad’s other shipping interests focus on chemical tankers and his stake in Offshore Heavy Transport.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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