Western Bulk Profits from Vessel Sale

Western Bulk Chartering AS (DE:7EJ) has released an update.

Western Bulk Chartering AS has sold the ultramax vessel Western Oslo, gaining a net profit of USD 4.5 million, in line with its asset-light strategy and dividend policy. The sale showcases the company’s ability to take advantage of market cycles and follows successful leveraging of the strong market in the previous years. Western Bulk will continue to assess its trading book for further purchase options.

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