Norwegian dry bulk operator Western Bulk Chartering has sold one of its ultramax vessels to an undisclosed buyer.
The company said in an Oslo Bors filing that it sold the 2020-built, 63,500 dwt Western Fuji. The Norwegian firm claimed that it realised a net profit of approximately $1.5m, following the exercise of a vessel purchase option.
The details of the sale are subject to confidentiality agreements. The profit from the sale will be booked in the second quarter of 2025.
Regardless of no financial details being revealed, the database provided by VesselsValue states that the vessel, built by the Nantong Xiangyu shipyard, is worth a notch under $28m.
Western Bulk Chartering is a shipping company with a commercially controlled fleet of over 100 – 150 vessels.