Bulker markets have been so good during the third quarter that Western Bulk Chartering has added an extra $10m to its full-year profit guidance.

The Norwegian operator, which listed its shares on the Oslo Stock Exchange in September, said it expects to book net profit of between $50m and $60m after tax for 2021.

This is up from its previous guidance of $40m to $50m, which the company indicated in August when it published its earnings for the first half of the year.