Western Bulk: We don't have any real competitors

Norwegian dry bulk carrier Western Bulk feels entirely different than its competitors, as the carrier is not weighed down by tonnage. Instead, the company describes itself as asset light.

BY LOUISE VOGDRUP-SCHMIDT

Western Bulk has big plans for the future and the carrier received fresh capital in 2013 when it performed an IPO on the Oslo Stock Exchange. The plans can be realized because the carrier has a strategy aimed at being asset light, according to the company's own convictions, CEO Jens Ismar tells ShippingWatch.

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Western Bulk: We don't have any real competitors

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Shipping shares soar on the Oslo Stock Exchange

Western Bulk sees profits decline

Western Bulk raised "only" USD 126.1 million in Oslo

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs