Bulk Invest files for bankruptcy

CEO Jens Ismar was unable to salvage Bulk Invest, formerly part of Western Bulk, from the deep dry bulk crisis. The carrier is now filing for bankruptcy.

BY JOHANNES HARTKOPF-MIKKELSEN AND KATRINE GRØNVALD RAUN

On Thursday morning CET all trading of shares in Norwegian carrier Bulk Invest was suspended on the Oslo Stock Exchange, and the dry bulk carrier - formerly part of Western Bulk - will now file a petition for bankruptcy, informs Bulk Invest in a notice to the stock exchange.

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Bulk Invest files for bankruptcy

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Bulk Invest shares suspended on Oslo Stock Exchange

Bulk Invest has claims of USD 250 million

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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

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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