Oslo based shipowner Otto Gregard Tidemand is building up a fleet of owned bulkers, with the ships now consolidated into his Stove Rederi.

For many years, Stove Rederi has acted as a modest cash cow, having four semi open hatch handymax bulkers on long term charters.

Tidemand has now hired ex Fearnleys shipbroker Lars Christian Skarsgaard as Stove Rederi’s commercial chief.

In the past six months, Tidemand has bought two modern Japanese built supramaxes that in retrospect appear to have been well timed deals given how bulker values have lately soared.

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