ShippingWatch

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.

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

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs