Animprovement which was hoped for in the second quarter is now predicted to occurin the second half of the year, Jens Ismar says.

Speakingafter Western Bulk reported a profitable first quarter yesterday, Ismarexplains the optionality in the company’s charter book means any improvement inthe market will result in it making money.

“I don’tthink we are in for a boom right now,” Ismar said.