Western Bulk boosts profit in the second quarter

Norwegian Western Bulk increased its profit after taxes in the second quarter, where the company's key division WB Chartering, outperformed a very challenging market, says CEO Jens Ismar in the interim report. A cost reduction plan has started and already meant layoffs at the carrier.

Norwegian dry bulk carrier Western Bulk improved its result after taxes in the second quarter of the year, according to the interim report released Thursday.

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