Western Bulk publishes First half 2019 results
(WorldNews Norway)

Tough start to the year following repositioning in a difficult market In the first half of 2019 Western Bulk (the `Group`) posted a Net TC of USD -8.8 million and a loss after tax of USD -24.8 million. The year commenced with a dramatic drop in the Baltic Supramax Index (BSI), plunging 57 % from the start of the year to a level of USD 4,837/day in February - levels not seen since the BSI posted its all-time low early 2016. Although recovering slightly thereafter, the market has remained low until just recently rebounding in July. The Group...