Type Subsidiary Area served Global Headquarters Singapore Number of employees 11 (2016) | Industry Ship Transport Products Break bulk cargo Founded 1995 Parent organization Westfal-Larsen | |
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Key people Nicholas F. Fisher (CEO) Subsidiaries Westfal-Larsen Shipping Pte Ltd, Saga Welco AS Profiles | ||
Masterbulk Private Limited is a shipping company which was established in Singapore in July 1995 following a major spin off from Westfal-Larsen & Co A/S in Bergen, Norway.
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. It is a subsidiary of the Norwegian shipping Group Westfal-Larsen.