Western Bulk sold its chartering division Western Bulk Chartering

Western Bulk Carriers this week sold its chartering division, Western Bulk Chartering, to parent company Kistefos. Western Bulk Carriers is leaving the shipowning and long-term charter division on the Oslo, Norway bourse.
Western Bulk Carriers decision to split off the profitable arm of Western Bulk Chartering, is believed that the move may have strengthened hand of Western Bulk Carriers at the negotiating table.