Arne Blystad stays bullish as Songa Bulk strikes for $4

Dry Cargo Logistics

Chairman still likes the look of the risk reward mathematics in the dry cargo market. 

Arne
Blystad
remains
hungry
for
bulker
buys
after
securing
$45m
to
support
the
expansion
of
the
Songa
Bulk
fleet.

Oslo-listed
Songa
Bulk
today
completed
a
tap
issue
that
upsized
an
existing
bond
to
$120m.

Blystad,
the
chairman
of
Songa,
said
in
a
statement
the
additional
cash
“will
let
us
continue
to
grow
the
fleet
in
line
with
our
strategy”.

He
added:
“We
still
find
the
risk
reward
ratio
attractive
in
the
dry
bulk
space
and
we
expect
to
add

Importing and managing the logistics of your precious freight is no easy task. Compliance to U.S. Customs & Border Patrol is essential to your cargo clearing customs. Use a freight forwarder to lower your chances of having shipment delays and to oversee all of your international freight logistics. Contact a customs broker to file your ISF and issue any pre-alerts to avoid penalties and delays, and arrange your ocean freight and imports customs clearance.



Andy Pierce