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Ronningen takes over Songa Bulk

Thomas Ronningen takes the reins at the dry bulk owner in the aftermath of a fleet sale that gave Songa shareholders access to rapidly growing Star Bulk’s fortunes. But without a fleet, his tenure may be short-lived; if the company does not find a new business strategy, it may close shop

The company’s former chief financial officer rises to become chief executive as Herman Billung leaves for Star Bulk

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