News

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 Chartering AS - Fourth quarter and preliminary 2016 results

Feb 27 2017

Western Bulk Chartering AS - Fourth quarter and preliminary 2016 results

Market rates and operating performance continued to improve in Q4-16.

Western Bulk Chartering AS - Third Quarter 2016 Results

Nov 30 2016

Western Bulk Chartering AS - Third Quarter 2016 Results

The Group had a significant improvement in performance from Q2-16 to Q3-16, with both increased Net TC and operated fleet.

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.