Western Bulk Chartering AS (“Western Bulk”) is a global operator of dry bulk vessels in the Handysize, Supramax and Ultramax segments with an untraditional business model; Asset light, trading-oriented and decentralized.
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. WBC 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 business units with geographical mandates. The units are based throughout Western Bulk’s offices in Oslo, Singapore, Santiago, Seattle and Casablanca. Each business unit makes its own commercial decisions. This ensures diversified exposures, quick decision-making and good alignment of risk and rewards.
Based on the presence in different markets worldwide, the company has built a broad and well-diversified supplier and customer base. WBC currently operates a fleet of 150-170 vessels and transport dry bulk commodities for more than 300 customers worldwide.
Western Bulk is majority-owned by Kistefos which holds 77.5% of the shares.