ShippingWatch

Western Bulk: We are cautiously optimistic

Bulk carrier Western Bulk achieved a net profit of USD 15.8 million in the 2nd quarter 2014, driven by a one-off item income from the sale of a claim in Korean Pan Ocean.

Photo: Foto: Western Bulk

Dry bulk carrier Western Bulk achieved a net profit of USD 15.8 million in the 2nd quarter 2014. A vast majority of this result stems from a one-off income of USD 12.7 million from the sale of a claim in Korean Pan Ocean, which - like it did with J. Lauritzen - also canceled contracts with Western Bulk ahead of time.

WB Chartering improved its net result, from USD 4.4 million in the 1st quarter this year to USD 5.7 million in the second quarter, while the WB Shipholding division - not including the Pan Ocean one-off item - suffered a USD 1.4 million deficit, compared to a deficit of USD 2.0 million in the previous quarter.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs