Whenever someone asks Belships chief executive Lars Christian Skarsgard how he is doing these days, he says, "Relatively well".

It's important to emphasise "relatively", he told TradeWinds, because, well, look around. This is 2020: much of the world is in the grip of the coronavirus pandemic, oil prices have crashed, bulker markets are in the toilet.

But in a sector that has had the worst start to the year in recent memory, the Oslo-listed bulker owner and operator is doing relatively well.