“Our clients took delivery of 24 newbuildings and we concluded 16 secondhand transactions,” said Grieg managing director Finn Engelsen Jr. “We also arranged significant sale-and-leaseback transactions that contributed positively to the result.”
The company suffered from the poor bulker market and Engelsen confirms this sector ended with a loss, while he says the dry bulk division is a young organisation with little contract business to be built in.
