Western Bulk wraps best first half of the year in its history, expects softer second half

Western Bulk Chartering has had its best start to the year since it was founded in 1982, but expects demand for dry-cargo shipping to suffer during the rest of this year.

The Oslo-listed bulker operator recorded $37.4m in net profit after tax for the first half of 2022, more than four times the $9m it booked during the same period in 2021.