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Western Bulk Chartering AS ( (DE:7EJ) ) has provided an update.
Western Bulk Chartering AS reported a net loss of USD 2.1 million for the first half of 2025, despite generating a positive Net TC margin of USD 383 per ship day. The company’s performance was hindered by high-cost exposure from vessels fixed at elevated market levels in 2024, but improved in the second quarter as they capitalized on a weak market. The freight environment was challenging due to low market volatility and geopolitical tensions, with significant declines in the Baltic Supramax and Panamax indices. However, the market outlook for the second half of 2025 is cautiously optimistic, with early improvements in vessel earnings. The Board decided not to declare a dividend for Q2-25.
More about Western Bulk Chartering AS
Western Bulk Chartering AS is a global dry bulk operator and derivatives trader registered on Euronext Growth in Oslo. The company combines maritime knowledge with trading expertise, utilizing advanced risk management and market analytics to optimize fleet deployment and vessel-cargo matching, offering tailored solutions to meet customer needs.
YTD Price Performance: 4.41%
Average Trading Volume: 11,598
Current Market Cap: NOK477.4M
Learn more about 7EJ stock on TipRanks’ Stock Analysis page.