ShippingWatch

Jens Ismar: Western Bulk challenged on newbuildings

Listed Norwegian dry bulk carrier Western Bulk is making money in 2015 on its asset light model. The challenge for the company is its ownership in numerous newbuildings, says CEO Jens Ismar in an interview with ShippingWatch.

Photo: Foto: Western Bulk

OSLO

With an income of about USD 800 per shipping day on average in the first five months of the year for a fleet of about 150 chartered vessels, Oslo-listed Western Bulk is one of the few international dry bulk companies that can boast of legitimate earnings in the severely damaged dry bulk industry.

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