11/02/2015at 12:57

Western Bulk suffered USD 57 million deficit in 2014

Dry bulk carrier Western Bulk finished 2014 with red numbers on the bottom line following a profit the year before. The carrier has now secured a larger contract coverage for 2015 and reduced exposure in a tough market.

BY DANIEL LOGAN BERG-MUNCH

The downturn in the dry bulk market is now sending the Norwegian dry bulk player Western Bulk below the bottom line in 2014. The carrier notes a deficit after taxes of USD 57 million compared to a profit of USD 5.3 million in 2013, according to the annual report Wednesday.

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