Sister company of Western Bulk ASA Bulk Invest bankrupted

Oslo-listed Bulk Invest applied for banktruptcy today just weeks after the former Western Bulk ASA separated its chartering and shipholding businesses. CEO Jens Ismar tried very hard to find a solution but could not. Japanese owners collectively fought to reverse the sale of Western Bulk Chartering and it was decided there was no longer a basis for continued operations at Bulk Invest. Western Bulk Chartering is not impacted by the bankruptcy of Bulk Invest.