Senior Management

Jens Ismar

Jens Ismar

CEO

+47 2313 3400 Send email

Mr. Ismar has a long and diversified background from the shipping industry. Before joining Western Bulk in September 2008, he was with BW Gas as Director for the Chartering and Operations Division. He has also been employed by Inge Steensland AS, Stemoco Shipping AS and Lorentzen & Stemoco AS. At Lorentzen & Stemoco he held the position as Managing Director. Mr Ismar has a Bachelor of Business Administration from the Lund University in Sweden.

Kenneth Thu

Kenneth Thu

CFO

+47 2313 3400 Send email

Mr. Thu has a background from retail, leaving the position as Acting CFO in Elkjøp Nordic to join our company. Mr. Thu holds a MSc in Economics and Business Administration from the Norwegian School of Economics (NHH) in Bergen.

Egil Husby

Egil Husby

CRO

+47 2313 3462 Send email

Mr. Husby is responsible for risk management in Western Bulk, and has been employed in the company since late 2004. He comes from Norsk Hydro where he worked with risk management and structuring for Hydro’s energy trading activities. Mr Husby has an MBA from the University of Adelaide and an MSc in mathematical statistics from the Norwegian University of Science and Technology.

Sigrid Schrødter Teig

Sigrid Schrødter Teig

CPO, General Manager WB Pte Ltd

+65 6653 2344 Send email

Ms. Teig is responsible for pre- and post-fixture processes in WB Chartering, and has been General Manager of the Group's Singapore office since 2014. She has been employed in the company since 2009, when she joined via the Norwegian Shipowners' Association's trainee programme. Ms. Teig holds a MSc. in Economics and Business Administration from the Norwegian School of Economics (NHH).

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.