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
News
Purchase of Handysize newbuilding partnered by syndicate fronted by Vaagen Asset Management
Western Bulk has purchased 32.000 dwt NB under construction at Jiangsu Zhenjiang Shipyard in China together with investors organised by Vaagen Asset Management expected to deliver in August this year. Western Bulk will hold 51 % in the JV.
CEO of Western Bulk Jens Ismar states he is very pleased with this investment being the first Handysize vessel Western Bulk has bought and underlines the company’s commitment and long term interest in this segment.
A new Handysize Business Unit was started in Singapore beginning of this year and together with existing Handysize business this segment represents about 25% of the Western Bulk business volumes. This partnership was formed and capital was committed in the middle of the financial turmoil last year and we are very pleased with our new partners and their ability to deliver during these difficult times.
For Vaagen Asset Management this is their first shipping project syndicated second half 2009 and Benjamin Bye, CEO of Vaagen AM, states that the successful syndication is an important milestone in Vaagen’s declared strategy to syndicate projects in shipping after concluding numerous deals in the Real Estate sector.
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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 100 ships. Western Bulk AS was established in 1982 and is a dry bulk operator in the Handysize to Supramax segment (30-64,000 dwt), offering reliable, high-quality dry bulk transport solutions to customers worldwide. We are approachable, risk aware, and take a responsive… — Read more
Worldwide
We are a global shipping company with seven Business Units located in Oslo, Singapore, Seattle and Santiago (Chile). We strongly believe... — Read more
Worldwide
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 — Read more
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