It was reported this week Sveaas would buy Western Bulk Chartering less than three years after taking its parent company back to the OSE.
Western Bulk Chartering has done relatively well during the dry bulk crisis and operates 180 ships, mostly on short charters.
But the outlook for the listed part, which is being renamed Bulk Invest, is unclear. It has a fleet of 14 supramax bulkers that are trading on long-term hire from Japanese owners, plus 20 newbuildings, all with purchase options.
TradeWinds
