Western Bulk Chartering

The Company's Board of Directors has approved a total of 1,000,000 shares to be included in the employee share purchase program, whereof 893,611 shares were acquired and sold to employees in June 2026.

The private placement will consist of a primary offering of up to 3,950,000 new shares to be issued by the company to raise gross proceeds of up to NOK 118.5 million, equivalent to approximately USD 13.7 million.

In a year dominated by pandemic and lockdowns, Western Bulk is very satisfied to post significant improvements with second half year net profit.

In the first half of 2021 Western Bulk achieved a net profit of USD 9.0 million, a significant improvement from a loss of USD -2.9 million in the same period of 2020.

"To work in Western Bulk is rewarding, challenging and fun" -Haavard Haaland, Chartering Manager

Western Bulk’s 12-month Commercial Trainee Programme fast-tracks individuals into chartering, trading, and vessel operations with immediate commercial responsibility.

Western Bulk seeks Chartering Managers or teams to build independent businesses within its global platform, with openings in multiple regions.

Western Bulk operates a flat, decentralized structure where commercial teams manage their own vessels, cargo contracts, and geographical areas or vessel segments.

Western Bulk integrates responsible business conduct, including environmental and social standards, to minimize the impact of marine operations and promotes sustainable practices globally.

Western Bulk’s Supplier Code of Conduct outlines expectations for external suppliers beyond contractual obligations.

Western Bulk is a dry bulk shipping company with a fleet of over 100 to 150 vessels, commercially controlled and supported by local knowledge for global service reliability.

The office in Casablanca, Morocco was opened in 2016. The office is focusing on closer follow-up and building growing volumes with existing clients, as well as providing personal attention on operational issues on the African West Coast.

Western Bulk was founded in Oslo, Norway, in 1982, with its CEO, CFO, and CSO based there. The Oslo office, located in the Industry Export building, leverages Norway’s maritime expertise and digital innovation hub.

Western Bulk has operated in Chile since 1982, with its Santiago office opened in 2006, supporting strong ties to Chilean industrial companies and enabling 24-hour global accessibility.

Western Bulk is an experienced, trading oriented and asset-light dry bulk operator, exploiting technology, analytics and risk management to succeed in a highly competitive and global shipping market.

Western Bulk’s Board of Directors allocates **1,000,000 shares** for its employee share purchase program. In June 2026, **893,611 shares** were sold to employees under the initiative. The program aims to align employee interests with company performance through equity participation.

Oct 2026Western BulkNews article

Western Bulk declares a **NOK 1.39 per-share dividend** for Q3 2026, totaling **USD 4.9 million**. The company reports strong third-quarter results and positive year-to-date net earnings, driven by strategic vessel positioning in higher-paying regions. Investments in fleet expansion and regional deployment contributed to improved financial performance.

Oct 2026Western BulkNews article

Western Bulk Chartering AS reports a **Net TC Result of USD 5.2 million** for the first half of 2026, with a **Net TC margin of USD 247 per ship day** across an average of **116 vessels**. This marks a decline from the **USD 383 per ship day** margin recorded in the same period of 2025, when the fleet averaged **110 vessels**. The company outlines its strategy to sustain profitability amid shifting market conditions.

Aug 2026Western BulkNews article

Western Bulk’s three vessels previously detained in the Persian Gulf have now cleared the Strait of Hormuz. The company confirms their safe passage follows easing tensions in the region. No further operational disruptions are reported.

Jun 2026Western BulkNews article