Tor Olav Troim is reportedly planning to list a new bulker venture on the Oslo Over the Counter market (Oslo OTC).

The revelation comes after TradeWinds reported last week that Troim, John Fredriksen's former right-hand man, and now rival, has been linked to a letter of intent for at least two newcastlemax bulkers at China’s New Times Shipbuilding.

The order was placed through a new company called 2020 Bulkers, a vehicle backed by international and Norwegian institutional investors, although initially the company's link to Troim was not clear.