Ismar points to margins

Western Bulk pointed to higher margins at its core chartering business as it reported a slightly larger quarterly loss.

13 August 2015 9:40 GMT Updated 1 October 2015 12:49 GMT

A better showing from new business helped the company in a weak market as EBITDA remained flat at negative $4.5m for the three months to the end of June.

Jens Ismar, chief executive of Western Bulk, said: "WB Chartering's performance improved in the second quarter of 2015 and delivered increased margins, which is an achievement in a very challenging market.”