Bulk Invest casts doubt on own survival

The future of Bulk Invest, formerly Western Bulk, is in the hands of the Japanese shipowners leasing vessels to the carrier. CEO Jens Ismar declines to make predictions about the carrier's chances of survival, he tells ShippingWatch.

Photo: Foto: Western Bulk

ShippingWatch has corrected the first  header saying "Western Bulk casts doubt on own survival". A more precise headline is "Bulk Invest casts doubt on own survival". Bulk Invest is the company name today as both Western Bulk ASA and Western Bulk Shipholding have been renamed Bulk Invest.

The future of Norwegian dry bulk carrier Western Bulk's continuing unit, Bulk Invest, is hanging in threads after the carrier's primary shareholder, business man Christen Sveaas' investment unit Kistefos, withdraws part of its support to the company.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs