Dry bulk shipping
We are a leading dry bulk shipping company with a commercially controlled fleet of over 100 ships. Western Bulk AS was established... — Read more
Western Bulk AS (through a 100% owned subsidiary) has since late 2009 made investments in Dry Bulk tonnage.
We aim to secure a core fleet of Handysize and Supramax vessels less than 5-6 year old. The preferred Handysize vessels are between 28-37,000 dwt and the preferred Supramax vessels are between 52-64,000 dwt. Our target is to own/control a fleet of 10-20 vessels.
Our preference is to do 3-12 years TC/BB structures with purchase options and to secure vessels on our own or in partnerships with equity investors, banks, shipowners and technical managers.
Shipowning now comprises of the following 11 owned/long term controlled vessels:
Western Oslo: IHI Japan; 56,000dwt; Feb 2008 built Supramax
Western Stavanger: Zhenjiang China; 32,500dwt; Aug 2010 built Handysize
Western Wilton: Dayang China; 58,000dwt (Crown 58) April 2011 built Supramax
Western Moscow: Dayang China; 58,000dwt (Crown 58) October 2011 built Supramax
Western Texas: Dayang China; 58,000dwt (Crown 58) December 2011 built Supramax
Six Japanese Long Term TC leases with purchase options. Four Supramax and two Handysize to be delivered 2012-2015 from Japanese yards.

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