Bulk Invest has claims of USD 250 million

Suffering Norwegian dry bulk carrier, Bulk Invest - formerly Western Bulk - is openly assessing the consequences of a bankruptcy. Claims come to no less than USD 250 million. "We have a few weeks to find a solution," management writes.

The life-threatening crisis at the major Norwegian dry bulk carrier, Bulk Invest - formerly Western Bulk - has been obvious for several months, and so it comes as no surprise that the carrier has released a negative annual report for the full year 2015.

It is likely more interesting that the management uses the report to deal with the topic of what it would mean if the bankruptcy - that could be a realistic outcome within a few weeks - becomes reality.

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