Who we are

Western Bulk is a global dry bulk operator with an untraditional business model. We are asset light, trading-oriented and decentralised, and we use risk management as a guiding principle for all our decisions.

Our business model is different from traditional dry bulk companies. We combine solid shipping experience with an asset-light, decentralised and trading-oriented business model with a strong risk management culture.

Western Bulk is headquartered in Oslo, and has offices in Singapore, Seattle, Santiago and Casablanca. The company is a pure dry bulk operator; using a large portfolio of vessels leased to transport cargo for various customers worldwide, either on contract basis or in the spot market.

Our business model of extensive use of optionality in our trading activities, gives us the flexibility to constantly optimize our portfolio of vessels and cargo, and provides an upside potential in volatile or firming markets.

Based on our presence in different markets worldwide, we have built a broad and well-diversified supplier and customer base. In 2016, we used an average fleet of 125 vessels to transport 37,5 million tonnes of dry bulk commodities for more than 400 cargo customers world-wide.

 
Western Bulk

Email and IT-related Fraud Alert

There is an increasing risk of attempted fraud and other security threats via email. In particular, Western Bulk has noticed an increase of fraudulent requests to change bank account details of suppliers/creditors, in an attempt to redirect payments to criminals and not to the intended recipient. We encourage everyone to be vigilant and learn to detect fraudulent email instructions - seemingly legitimate emails may contain fraudulent information, this is not just a cybersecurity matter.

As a result, Western Bulk will treat any notice of bank account changes as suspicious. Urgent pressure to effect payment as soon as possible without verification of the changes will also be treated as suspicious.

Please note that Western Bulk would not inform of changes to bank account details by email notice alone. In the unlikely event that we need to change a beneficiary name or our other bank account details, we would personally contact our supplier or customer in order to personally verify any change in details.

Similarly, we ask that all our suppliers and creditors:

1. first notify us in writing and
2. personally verify any change in bank details or change in beneficiary in any payment advice to Western Bulk.

In summary, notices of bank account changes will require voice confirmation from your Western Bulk contact, either by telephone or face to face, before payment can be authorised so please make sure to notify any changes in good time.