Masterbulk Private Limited is a

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that ...

which was established in Singapore in February 1995 following a major spin off from the

Bergen Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula o ...

, Norway-based

Westfal-Larsen & Co A/S Westfal-Larsen is a group of shipping companies based in Bergen, Norway, owning 20 open hatch ships and 12 chemical tankers. The group's main activities also include investment as well as ship technical and commercial management. Among the subsid ...

, of which it remains a subsidiary. The Company owns a total of 18 open hatch general cargo vessels. Its fleet operates in the drybulk segment and is involved in the transportation of unitised,

bulk cargo Bulk cargo is commodity cargo that is transported unpackaged in large quantities. Description Bulk cargo refers to material in either liquid or granular, particulate form, as a mass of relatively small solids, such as petroleum/ crude oil ...

and

break bulk cargo In shipping, break-bulk, breakbulk, or break bulk cargo, also called general cargo, refers to goods that are stowed on board ship in individually counted units. Traditionally, the large numbers of items are recorded on distinct bills of lading ...

worldwide, specialising in bale

pulp Pulp may refer to: * Pulp (fruit), the inner flesh of fruit Engineering * Dissolving pulp, highly purified cellulose used in fibre and film manufacture * Pulp (paper), the fibrous material used to make paper * Molded pulp, a packaging material ...

and forestry products, steel products, and project cargo. The

technical management In general, technical management is the systematic efforts used in the deployment of a system or process and in balancing its cost, effectiveness and supportability during its life cycle. Technical managers can be found at the interface of applic ...

of these vessels is outsourced to Zeaborn Ship Management (Singapore) Pte Ltd and Westfal-Larsen Management AS. The

commercial management Commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion". Commercial management within an organization is applied only at policy ...

is performed by Pool Manager Saga Welco AS, in Tenvik, Norway, which is a joint venture together with Saga Shipholding (Norway) AS. The Saga Welco Pool manages the largest and youngest fleet of Open Hatch Gantry Crane vessels in the market, which currently includes 52 vessels, with 1 on order. Masterbulk is based in Singapore and has 9 employees. In 2014 Masterbulk established a new venture with fellow Norwegian shipowners Saga Shipholding to operate their fleets of open hatch gantry and jib-craned bulkers in a joint pool, Saga Welco.

References

External links

* *
Westfal-Larsen Shipping AS
on LinkedIn
SagaWelco AS
on LinkedIn
Video on Masterbulk Values by Nicholas Fisher
on YouTube
Video on Masterbulk Values by Rolf Westfal-Larsen
on YouTube * Shipping companies of Singapore Dry bulk shipping companies {{shipping-company-stub