After writing off nearly $16m in losses, Western Bulk is starting 2020 with a "clean slate" and is looking forward to a new share offering this month, according to its chief executive.

Hans Aasnaes told TradeWinds that the Oslo-listed bulker operator has a clean balance sheet as of 1 January.

In its year-end results for 2019, published on Friday, Western Bulk said it has written off $15.6m