Tom Babinski becomes chief executive at 2020 Bulkers

As a result of the change, Lars-Christian Svensen has resigned as chief executive, and will be replaced by Tom Babinski. Mr Babinski has long industry experience in the offshore support vessel market, at Aurora Offshore Management, Framar & Sevnor, Viking Supply Ships and Westshore Shipbrokers.

2020 Bulkers chairman Magnus Halvorsen said, “The company would like to thank Mr Svensen for his efforts as chief executive and his contribution to the revitalization of the company after the conclusion of its dry-bulk business.

“On behalf of the Board, I would like to thank Lars-Christian for his leadership and commitment. During his tenure, he guided 2020 Bulkers through the operation and successful sale of its Newcastlemax fleet, realising significant value for our shareholders, and has played a key role in preparing the company for its next chapter.

“At the same time, we are very pleased to welcome Tom Babinski as chief executive. As the company builds its AHTS business, we believe Tom is the right person to lead the new organisation, develop our commercial platform and deliver long-term value for our shareholders.”

Mr Babinski said, “I am truly excited to join the company as chief executive and grateful for the trust placed in me. We have a unique opportunity to build a strong business  and I look forward to working with our customers, partners, and stakeholders to establish a leading market position and create sustainable long-term value.”