Western Bulk suffered a USD 24.5 million deficit

The Norwegian dry bulk carrier went red in the 3rd quarter 2014 with a deficit after taxes of USD 24.5 million. Significant uncertainty for dry bulk going forward, says the carrier.

Dry bulk carrier Western Bulk has been hit for real by the downturn in the bulk market, and the carrier suffered a USD 24.5 million deficit after taxes in the 3rd quarter, according to the company's interim report.

A massive setback compared to the 2nd quarter, in which the carrier achieved a profit of USD 7.5 million before taxes, and Western Bulk is now drawing a more bleak scenario for dry bulk going forward.

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

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs