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An update from Western Bulk Chartering AS ( (DE:7EJ) ) is now available.
Western Bulk improved its trading performance with a net trading contribution of USD 24.4 million in 2024, despite restructuring efforts that reduced annual general and administrative costs by 15%. The company ended the year with USD 28 million in free cash and no outstanding debt, positioning itself to capitalize on expected market volatility in 2025. The second half of 2024 saw limited trading opportunities due to record low market volatility, but Western Bulk utilized strong steel exports from China to strategically position tonnage into the Atlantic basin. The company remains confident in its strategy to profit from market positions, leveraging data and expertise to outweigh losses over time.
More about Western Bulk Chartering AS
Western Bulk is a global dry bulk operator and derivatives trader registered on Euronext Growth in Oslo, Norway. The company combines maritime knowledge and trading expertise, using advanced risk management, market data, and analytics to optimize fleet deployment and vessel-cargo matching, offering tailor-made solutions for customer needs.
YTD Price Performance: 11.06%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €40.63M
See more data about 7EJ stock on TipRanks’ Stock Analysis page.