Oslo IPO to finance future growth at Western Bulk

Western Bulk aims for a listing on Oslo Stock Exchange in September. The CFO of the dry bulk operator says the primary reason for the decision is to "allow for growth".

Photo: Western Bulk

Oslo-based dry bulk operator Western Bulk, which is primarily owned by Kistefos, has announced its entry onto the Oslo Stock Exchange. The primary reason is to enable growth, Kenneth Thu CFO at Western Bulk tells ShippingWatch.

In addition to growth possibilities, Western Bulk wishes to "allow for scale on investments made in recent years and benefit from the prevailing strong dry bulk market conditions," Thu says.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Schedule reliability among container lines drops to historic low

August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.

Further reading

Related articles

Trial banner

Latest news

See all jobs