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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.

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