Western Bulk Chartering’s listing on Oslo's over-the-counter (OTC) market last week is not a stepping stone to the city’s Merkur market or its mainboard, Jens Ismar says.
The bulker operator is also ruling out a return to shipowning and will focus on its core operating business. “It’s OTC and stick,” chief executive Ismar told TradeWinds.
Western Bulk Chartering has around 250 shareholders, with Christen Sveaas’s Kistefos and investor Erik G Braathen controlling stakes of 75% and 10%, respectively.
