Western Bulk divests claim against South Korean carrier

Western Bulk pockets USD 12 million by divesting a claim against the South Korean dry bulk giant STX Pan Ocean, which filed for bankruptcy last year.
BY LOUISE VOGDRUP-SCHMIDT

Norwegian dry bulk carrier Western Bulk has managed to divest its claim against South Korean STX Pan Ocean. The deal means that Western Bulk can pocket USD 12 million as the carrier follows the lead of J. Lauritzen. The Danish carrier sold off its STX Pan Ocean claim in April this year.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading