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Western Bulk Chartering AS WEST.OL · NOK

Industrials · Oslo Børs · 🇳🇴 Norway

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24.30

-2.80%

Close of 9 Nov 2026, in NOK

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About Western Bulk Chartering AS

Its shares trade on Oslo Børs under the ticker WEST.OL. It has been listed since 1 June 2017. In the fiscal year to 31 December 2025, it reported revenue of $983.8m and net income of $5.4m. At that date it held total assets of $108.6m and shareholders' equity of $50.8m.

Western Bulk Chartering AS engages in the management of dry bulk vessels. The company is headquartered in Oslo, Oslo. The company went IPO on 2017-06-01. The firm is a global operator in the Supramax/Ultramax and Handysize dry bulk shipping market and operates a chartered-in fleet of over 110 vessels. The firm match cargo with vessels under all market conditions; chartering vessels from various vessel owners and transporting cargo for customers worldwide. The firm operates in Norway, Singapore, the United States of America, Dubai, Chile, Sweden and Morocco.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Industrials
Industry
Marine Transportation
Listed since
1 Jun 2017
Employees
118

Leadership

Pay as last reported

  • Mr. Bengt RemChairman of the Board
  • Mr. Torbjorn GjervikChief Executive Officer, since 2024
  • Mr. Kenneth ThuChief Financial Officer
  • Mr. Egil HusbyChief Strategy and Transformation Officer
  • Mr. Erik BorgenMember of the board
  • Ms. Kristian HusebyMember of the Board
  • Ms. Ulrika LaurinDirector
  • Ms. Betina NygaardjDirector
  • Mr. Orjan SvanevikDirector, since 2023

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Headquartered in Oslo, Norway, with a global operational presence in multiple countries.
  • Operates a chartered-in fleet of over 110 vessels in the Supramax/Ultramax and Handysize dry bulk shipping market.
  • Manages dry bulk vessels and matches cargo with vessels under all market conditions.

Weaknesses

  • Relies on a chartered-in fleet rather than owning vessels, which may increase operational costs.
  • Limited to dry bulk vessel management with no mention of other shipping segments.
  • Dependent on chartering vessels from various owners, potentially leading to supply chain vulnerabilities.

Opportunities

  • Expanding operations into new markets within the global dry bulk shipping industry.
  • Increasing demand for dry bulk shipping services due to global trade growth.
  • Potential for fleet expansion through strategic partnerships or acquisitions.

Threats

  • Volatility in global shipping markets affecting charter rates and demand.
  • Competition from other dry bulk shipping companies operating in similar markets.
  • Economic downturns impacting global trade and shipping demand.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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