Western Bulk Chartering AS - Earnings Release 2016

Western Bulk Chartering AS - Third quarter 2016 results

Significantly improved Net TC

The Group had a significant improvement in performance

from Q2-16 to Q3-16, with both increased Net TC and

operated fleet. The Net TC result improved from the

very weak level of USD -5.4 million in Q2-16 to USD

0.9 million in Q3-16. At the same time the operated

fleet increased from 109 vessels in Q2-16 to 126

vessels on average for Q3-16 and was steadily

increasing throughout the quarter, with 138 vessels

operated on average in September.

Please read more in the attached press release and

quarterly report.

For more information, please contact:

Jens Ismar, Chief Executive Officer

Tel: +47 9009 0897

About Western Bulk Chartering:

Western Bulk Chartering AS is a major dry bulk

shipping operator. The company is privately owned by a

group of about 250 shareholders. See

www.westernbulk.com for more information.

Western Bulk Chartering AS has an outstanding bond

loan trading on Nordic ABM under the ticker

symbol "WBULK01 PRO".

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