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Trøim raises $30m for new dry bulk vehicle

Tor Olav Trøim has raised $30m for his new dry bulk vehicle, Himalaya Shipping. The funds have been sourced from Norwegian and international investors and will be spent on the first shipyard payments, according to Norwegian business daily Finansavisen.

Trøim, the chair of Golar LNG, revealed he was getting back into dry bulk, last month saying he sees similarities between today’s market and the supercycle days of 2003 to 2008. Trøim is creating Himalaya Shipping, a dry bulk owning vehicle which has an initial outlay of $800m, ordering 12 LNG-fuelled newcastlemaxes in China.

Troim’s previous exposure to dry bulk came via Golden Ocean and his many years working with John Fredriksen after which he went on to found 2020 Bulkers.

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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