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.

BY KATRINE GRØNVALD RAUN

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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Western Bulk boosts profit in the second quarter

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs