Christen Sveaas-led Western Bulk Chartering raised $20m from 20 investors in June and this week sent out a prospectus to former shareholders in its one-time parent inviting them to re-engage.
Western Bulk Chartering was controversially spun-off from Western Bulk ASA earlier this year amid financial difficulties at its shipholding division.
That strand of the business remained in an Oslo-listed company, which was renamed Bulk Invest and has since been liquidated.
