Oslo-listedWestern Bulk says its net margin per vessel in March reached $1,127 per day.

Sharesin the operator, which fell steeply after a disappointing fourth quarterperformance, gained 5.91% to NOK 11.65 ($1.97) each this morning.

EirikHaavaldsen, an analyst at Pareto Securities, explains the March figures are asign that Western Bulk is able to perform at a time when the wider market isweakening.