News

Western Bulk is registered on N-OTC list

Jun 01 2017

Western Bulk is registered on N-OTC list

Western Bulk is registered on the N-OTC list from today, June 1st 2017.

Western Bulk announces OTC listing

May 24 2017

Western Bulk announces OTC listing

Western Bulk has today announced that the company will be registered on the OTC list from June 1st 2017.

Western Bulk publishes 2016 Annual Report

Mar 29 2017

Western Bulk publishes 2016 Annual Report

Western Bulk Chartering AS has today published its 2016 Annual Report.

Western Bulk Chartering AS completed private placement

Mar 22 2017

Western Bulk Chartering AS completed private placement

Western Bulk Chartering AS has successfully completed a private placement with NOK 154 million (approximately USD 18 million) in gross proceeds by issuing 4.6 million new shares with a subscription price of NOK 33.40 per share.

Western Bulk

Email and IT-related Fraud Alert

There is an increasing risk of attempted fraud and other security threats via email. In particular, Western Bulk has noticed an increase of fraudulent requests to change bank account details of suppliers/creditors, in an attempt to redirect payments to criminals and not to the intended recipient. We encourage everyone to be vigilant and learn to detect fraudulent email instructions - seemingly legitimate emails may contain fraudulent information, this is not just a cybersecurity matter.

As a result, Western Bulk will treat any notice of bank account changes as suspicious. Urgent pressure to effect payment as soon as possible without verification of the changes will also be treated as suspicious.

Please note that Western Bulk would not inform of changes to bank account details by email notice alone. In the unlikely event that we need to change a beneficiary name or our other bank account details, we would personally contact our supplier or customer in order to personally verify any change in details.

Similarly, we ask that all our suppliers and creditors:

1. first notify us in writing and
2. personally verify any change in bank details or change in beneficiary in any payment advice to Western Bulk.

In summary, notices of bank account changes will require voice confirmation from your Western Bulk contact, either by telephone or face to face, before payment can be authorised so please make sure to notify any changes in good time.