Western Bulk
Encyclopedia
Western Bulk is a dry bulk
shipping company based in Oslo
, Norway
. A subsidiary of Kistefos
, the company charters and operates around 60 handymax
vessels.
. In 2006 the company was taken fully over by the controlling company Kistefos.
Bulk carrier
A bulk carrier, bulk freighter, or bulker is a merchant ship specially designed to transport unpackaged bulk cargo, such as grains, coal, ore, and cement in its cargo holds. Since the first specialized bulk carrier was built in 1852, economic forces have fueled the development of these ships,...
shipping company based in Oslo
Oslo
Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. A subsidiary of Kistefos
Kistefos
Kistefos is a privately owned holding company that pursues investments within venture capital, private equity, offshore, shipping and other sectors. It is owned by Christen Sveaas and led by CEO Åge Korsvold....
, the company charters and operates around 60 handymax
Handymax
Handymax and Supramax are naval architecture terms for a bulk carrier,in a series that is called Handysize class. Handysize class consists of Supramax , Handymax , and Handy Handymax and Supramax are naval architecture terms for a bulk carrier,in a series that is called Handysize class. Handysize...
vessels.
History
The company was founded in 1982, and between 1993 and 2001 the company was listed on the Oslo Stock ExchangeOslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
. In 2006 the company was taken fully over by the controlling company Kistefos.