03/03/2016at 13:31

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 shares suspended on Oslo Stock Exchange
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Bulk Invest has claims of USD 250 million
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Bulk Invest CEO puzzled by Japanese injunction
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