Arne Blystad returned to dry bulk

Arne Blystad who is known for the good timing in sale-and-purchase market in shipping world, returned to buy a handy bulk carrier. Norwegian Shipowner bought 2010 built 32K M/V Western Stavanger for $6m and the ship will now go on 3 year time charter to Western Bulk Chartering in Norway.  Technical Management of M/V Western Stavanger will be done by Blystad. In 2008, Arne Blystad saw the future and sold more than 30 bulker contracts prior the market crash worst ever in shipping history. Arne Blystad mostly in tanker sector with 15 smaller chemical tankers in fleet.