Dry bulk shipping
We are a leading dry bulk shipping company with a commercially controlled fleet of over 75 ships. Western Bulk AS was established... — Read more
We ship dry bulk commodities reliably worldwide
Dry bulk shipping
We are a leading dry bulk shipping company with a commercially controlled fleet of over 75 ships. Western Bulk AS was established in 1982 and is a dry bulk operator in the Handysize to Supramax segment (30-60,000 dwt), offering reliable, high-quality dry bulk transport solutions to customers worldwide. We are approachable, risk aware, and take a responsive… — Read more
Worldwide – Local presence
We are a global shipping company with seven Business Units located in Oslo, Singapore, Seattle and Santiago (Chile). We strongly believe... — Read more
Worldwide – Local presence
We are a global shipping company with seven business units located in Oslo, Singapore, Seattle and Santiago (Chile). We strongly believe that by having hands-on, local knowledge we are better able to service the needs of our industrial clients. Our presence in key locations enables us to follow the local and regional market trends in an efficient way, … — Read more
Managing risk
Risk Management is an integral part of Western Bulk’s corporate DNA. More than just a set of theoretical models, reports and... — Read more
Managing Risk
Risk Management is an integral part of Western Bulk’s corporate DNA. More than just a set of theoretical models, reports and administrative procedures, risk management has become a way of thinking and a pivotal component of our culture. We constantly re-think our business, challenge our methods, refine our tools and systems, and adapt to any significant changes… — Read more
Business units
Shipowning
Western Bulk Shipholding AS (100% owned by Western Bulk AS) has a declared strategy to make investments in Dry Bulk tonnage. We aim to secure a core fleet of less than 10 year old Handysize and Supramax vessels. The preferred Handysize vessels are between 28-37,000 dwt and the preferred Supramax vessels are between 52-60,000 dwt.
We target a fleet size of 10-20 vessels with a 70/30 split between Supra and Handy.
Our preference is to do 3-15 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.
We are very flexible on structures and are open to do commercial management of vessels with profit split (on both the time charter and vessel values). We are also in the market for resale newbuildings and to make direct orders with ship yards.
In December 2009 Western Bulk acquired the Supramax M/V ‘Western Oslo’. The 56,000dwt vessel is built in 2008 at IHI Ship Yard in Japan.
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