2020 Bulkers' main backer Tor Olav Troim has banked NOK 163.6m ($18.35m) from a big disposal of stock in the company.

The newcastlemax bulker specialist said the investor's trust Drew Holdings offloaded 1.55m shares on 23 November at NOK 105.75 per share. This is equivalent to a 7% stake.

Drew and affiliated companies have retained 2.9m