Financial Ports

2020 Bulkers ditches dry bulk for offshore as CEO exits in $407m pivot

CLAVE 1 / 4Tom Babinski takes over as CEO of 2020 Bulkers, replacing Lars-Christian Svensen.

CLAVE 2 / 4Company shifts from dry bulk to anchor-handling tug supply (AHTS) vessels, securing 12 units.

CLAVE 3 / 4Fleet expansion backed by $175m private placement and $407m in vessel acquisitions.

CLAVE 4 / 4Original newcastlemax fleet sold, returning $316m to shareholders in April.

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