The company operates between two and four panamaxes on period charters.
“We have established a platform and have been doing deals with several major players in order to make the company known,” said chairman Roy Mosvold.
“It is steady business but in a steady poor market.”
Mosvold says he does not foresee the company involving itself in bulkers larger than panamaxes.
The outfit’s annual report for 2013 shows a pre-tax loss of NOK 9m ($1.5m)
