Western Bulk Chartering AS - Earnings Release 2017

Western Bulk Chartering AS - First half year 2017 results

Solid increase in Net TC and positive EBITDA in 1H-17

In the first half of 2017 the Western Bulk Group posted a

positive EBITDA of USD 0.7 million and a net result of USD -

-2.1 million, a significant improvement from 2016. The net

result also exhibited a very positive development during the

first half of 2017, increasing from the first to the second

quarter, yielding a positive net result for the second

quarter of 2017.

Please see enclosed for the full press release and the First half

half year 2017 report.

Contacts

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 is registered on

N-OTC, and has an outstanding bond loan trading on Nordic A

ABM under the ticker symbol "WBULK01 PRO".

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