ShippingWatch

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.

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