Western Bulk Chartering AS - Market Update

30 Jun 2026 17:25 CEST

Following the widely reported improvement in conditions in the Strait of Hormuz,
Western Bulk confirms that its three vessels previously held up in the Persian
Gulf have now safely exited the strait. The Persian Gulf situation has
nonetheless weighed on the first-half 2026 results, and H1 performance is
expected to end somewhat in negative territory.

"I want to express my sincere gratitude to the crews and owners of the chartered
vessels that navigated this very challenging situation with professionalism and
care. I also want to thank our own people at Western Bulk for handling an
operationally complex situation very well, says Torbjørn Gjervik, Chief
Executive Officer.

As communicated in the Q1 update, the Company's positioning during the first
half of the year is expected to support improved performance in H2. Combined
with a supportive dry bulk market, Western Bulk expects to deliver a profitable
result for the full year.


Contacts
For more information, please contact:

Torbjørn Gjervik, Chief Executive Officer
Tel: +47 940 28211
E-mail: torbjorn.gjervik@westernbulk.com

Kenneth Thu, Chief Financial Officer
Tel: +47 988 74302
E-mail: kenneth.thu@westernbulk.com



About Western Bulk Chartering:
Western Bulk is a global dry bulk operator and derivatives trader registered on
Euronext Growth in Oslo. Propelled by an entrepreneurial spirit, we combine
in-depth maritime knowledge with trading expertise. Through combining advanced
risk management, extensive use of market data, analytics to optimize fleet
deployment and vessel-cargo matching, we offer tailor-made solutions serving our
customers´ needs.

See westernbulk.com for more information.



Disclaimers
This press release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts and may be identified by
words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,”
“may,” "continue," “should” and similar expressions. The forward-looking
statements in this release are based upon various assumptions, many of which are
based, in turn, upon further assumptions. Although Western Bulk Chartering
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements.

The information, opinions and forward-looking statements contained in this
release speak only as at its date and are subject to change without notice
Western Bulk Chartering disclaims any obligation to update and revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

More information:
Access the news on Oslo Bors NewsWeb site