Court sides with Western Bulk in million-dollar case

Subsidiaries to Norwegian Western Bulk could have cost the parent company a lot of money, but the district court in Oslo has now ruled in favor of the dry bulk carrier.

BY KATRINE GRØNVALD RAUN

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.

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