Former Fredriksen Group high-flyer Herman Billung has made a swift return to shipping withanother high-profile Norwegian shipowner, Arne Blystad.

Billung, who left the chief executive’s chair at Fredriksen’s listed dry bulk company Golden Ocean this year, is taking on a key role as Blystad looks to rebuild his position in the dry bulk market.

Billung will head up Songa Bulk, focusing on acquiring tonnage.

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