At its core, Western Bulk is a service company that transports commodities for its customers worldwide. To do this, the company charters in vessels from the market, both on spot basis and for longer time periods. Through its size and access to market liquidity it can offer customers flexibility, competitive pricing and reliable services. At the same time, the company uses its informational advantage to take limited, short-term positions in the freight market and to capture arbitrage opportunities. Western Bulk strives to constantly optimise its portfolio of cargo contracts and vessels, and use optionality actively to do this.

Western Bulk has a diversified organisational structure with commercial authority distributed down to six independent commercial teams with geographical mandates. The units are based throughout Western Bulk’s offices in Oslo, Singapore, Santiago, Seattle, Casablanca and Dubai. Each team makes its own commercial decisions. This ensures diversified exposures, quick decision-making and good alignment of risk and rewards.

The company has built a broad and well-diversified supplier and customer base

Based on the presence in different markets worldwide, the company has built a broad and well-diversified supplier and customer base. Western Bulk currently operates a fleet of 100-150 vessels and transport dry bulk commodities for more than 300 customers worldwide.

Western Bulk is listed on Euronext Growth in Oslo and is majority-owned by Kistefos which holds 68,1% of the shares.

For more information, please visit  www.westernbulk.com

 

Hege Tjørsvaag Brattebø

Investment Analyst

+47 23 11 70 16

hege.brattebo(a)kistefos.no

Kristoffer Sandaker

Investment Director

Key facts

Sector

Logistics

Country

Norway

Ownership

68,1%

Entry

1998

Board of directors

Chairman

Bengt A. Rem

Member

Trond Meling

Management

CEO

Hans Aasnæs

CFO

Kenneth Thu

CSO

Egil Husby