Bulk

Western Bulk aims to raise millions on the stock exchange

Western Bulk Chartering launched a share issue Monday intended to raise capital for the company which is built on the remains of collapsed Western Bulk. The dry bulk company expects improved rates this year compared to 2016, management writes in a comment.
by LOUISE VOGDRUP-SCHMIDT

Starting today, Monday, and until the end of March, Western Bulk Chartering will attempt to raise USD 18 million in a share issue. The issue is bigger than originally planned, writes the company in a statement, in which preliminary 2016 results are also presented.

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