Norwegian dry bulk player Western Bulk, listed on the Oslo Stock Exchange, has spent years waiting through a legal battle in which subsidiaries had been sued for USD 12.3 million plus USD 857,000 in legal fees. And the carrier can now breathe a sigh of relief.
According to a statement from the carrier, the district court in Oslo has sided with Western Bulk in all aspects of a dispute concerning Forward Freight Agreements stemming from back in 2006 - a case that led to the arrest of a 19,500 dwt dry bulk vessel.
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