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Western Bulk sees profits decline

Norwegian Western Bulk, which operates a fleet of more than 150 ships, saw its profits decline in the 3rd quarter 2013.

Photo: Oslo Børs

Norwegian Christian Sveaas controlled dry bulk carrier Western Bulk, that operates a fleet of more than 150 ships, saw its profits decline in the third quarter 2013.

Western Bulk, which recently raised capital on OTC in Oslo, though the carrier failed to reach the expected sum, had a 3d quarter revenue of USD 305.5 million, compared to USD 300 million in the same period last year.

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