Major shareholders to give Western Bulk millions in fresh capital

Christen Sveaas' Kistefos will inject millions into Norwegian dry bulk shipping company Western Bulk as part of a large-scale capital increase. The company most recently finished the first half of the year with a large deficit.

Photo: PR/Norden

Norwegian dry bulk ship operator Western Bulk will raise almost NOK 134 million (USD 14.8 million) from its two major shareholders Christen Sveaas' Kistefos and investment manager Ojada as part of a large-scale capital increase.

This is evident from a summoning for an extraordinary general assembly at Western Bulk, scheduled for later this week.

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