Masterbulk

Masterbulk Pte. Ltd.
Subsidiary
Industry Ship Transport
Founded 1995
Headquarters Singapore
Area served
 Global
Key people
 Nicholas F. Fisher (CEO)
Products Break bulk cargo
Number of employees
 11 (2016)
Parent Armadora AS
Subsidiaries Westfal-Larsen Shipping Pte Ltd, Saga Welco AS
Website www.masterbulk.com.sg

Masterbulk Private Limited is a shipping company which was established in Singapore in July 1995 following a major spin off from the Bergen, Norway-based Westfal-Larsen & Co A/S, of which it remains a subsidiary.[1][2]

The Company owns a total of 20 open hatch general cargo Gantry Crane vessels. Its fleet operates in the drybulk segment and is involved in the transportation of unitised, bulk cargo and break bulk cargo worldwide, specializing in bale pulp and forestry products, steel products, and project cargo.

The technical management of these vessels is outsourced to Rickmers Shipmanagement (Singapore) Pte Ltd and Westfal-Larsen Management AS. The commercial management is performed by Pool Manager SagaWelco AS, in Tenvik, Norway, which is a joint venture together with SAGA Shipholding (Norway) AS. The SagaWelco Pool manages the largest and youngest fleet of Open Hatch Gantry Crane vessels in the market, which currently includes 52 vessels, with 3 on order. Masterbulk is based in Singapore and has 11 employees.[2]

In 2014 Masterbulk established a new venture with fellow Norwegian shipowners Saga Ship Holding to operate their fleets of open hatch gantry and jib-craned bulkers in a joint pool, Saga Welco.[1][3]

References

  1. 1 2 Hand, Marcus (13 February 2015). "Saga Welco pool highlight of 20 years in business for Masterbulk". Seatrade Maritime News. Colchester, UK: Seatrade UBM (UK) Ltd. Retrieved 9 October 2017.
  2. 1 2 Masterbulk. "Masterbulk Pte Ltd". Retrieved 2008-10-31.
  3. ↑ "Fleet List". Saga Welco. Saga Welco AS. Retrieved 9 October 2017.


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