A global dry bulk operator Western Bulk is an experienced, trading oriented and asset-light dry bulk operator, exploiting technology, analytics and risk management to succeed in a highly competitive and global shipping market. Latest news Western Bulk expecting record year Western Bulk expecting record year with full year profit after tax of USD 60 million to USD 70 million and dividend of minimum USD 40 million 09.11.2021 Opening office in Dubai Western Bulk is opening an office in Dubai. 27.10.2021 Updated guiding for full year 2021 net profit after tax Full year net profit after tax for 2021 expected to reach between USD 50 to 60 million. 05.10.2021 Western Bulk in numbers Our offices Keyboard shortcuts Map data ©2021 Terms of Use Subscribe to our newsletter Email I agree to be emailed Subscribe Privacy Policy Contact us Design & code: CATCH

Investor relations Western Bulk is listed on Euronext Growth Oslo as of September 20th 2021. The Kistefos Group is the largest shareholder controlling about 70% of the shares. Share information Financial calendar Main shareholders General meetings Key figures Share information Listing venue - Euronext Growth Oslo Ticker - WEST Number of shares - 33,619,715 Face value - NOK 0,05 Registrar - Nordea Issuer Services Please click here for live share price Financial calendar General meetings notices and minutes 14.09.21 Minutes from extraordinary general meeting 16.04.21 Minutes from ordinary general meeting Key figures Western Bulk Chartering group USD million H1 2021 2020 2019 2018 Net TC Result 1) 2) 20.2 26.7 (6.4) 31.6 Administrative expenses 10.1 22.9 25.5 26.4 EBITDA 1) 2) 10.1 3.8 (31.8) 5.2 Net profit after tax 1) 2) 9.0 3.2 (38.0) 4.2 Net TC margin per ship day (USD) 1) 2) 1 020 663 (117) 573 Average number of vessels operated 109 110 150 151 Total assets 121.1 79.3 118.0 116.4 Book equity 29.8 19.8 16.0 24.1 Total liabilities 91.4 59.5 102.1 92.3 Free cash 27.5 18.3 24.0 23.0 Restricted cash 13.7 12.0 13.7 8.1 Total cash 41.2 30.3 37.7 31.2 1) FY 2019 and FY 2018 including impairment changes on loss-making contracts primarily related to Chile of USD -26.4 million and USD -13.1 million respectively. 2) 1H 2021 Net TC including USD -1.5 million loss on positional FFAs (Forward Freight Agreements). These are derivative positions not qualifying as a hedge, hence booked as financial items in the financial statements. Subscribe to our newsletter Email I agree to be emailed Subscribe Privacy Policy Contact us Design & code: CATCH