Western Bulk re-enters ship ownership with selected partners
(Posted on 18/12/25)
Western Bulk, together with reputable Norwegian partners A/S J. Ludwig Mowinckels Rederi, Premium Maritime Fund 2024 AS managed by NRP Asset Management and Pactum AS, have acquired the vessel MV CSSC Shi Jia Zhuang. The vessel will be renamed Western Egda. She is an Eco-design Kamsarmax built in 2020 in China and has recently completed her five-year special survey. Western Bulk will hold 22 % ownership, and the transaction is expected to close next week.
Western Bulk will assume responsibility for commercial management and business management. This will allow the vessel to enjoy the full benefits from the company’s global commercial platform, including customer and supplier networks, chartering and operational expertise, as well as a broad range of inhouse support functions.
Commenting on the transaction, CEO Torbjørn Gjervik says, “We are very excited to re-enter ship ownership together with a strong group of partners. This is an area where we can add significant value through our global commercial platform”.
Western Bulk will continue expanding its co-investment and commercial management activities with partners who value transparency, and a collaborative approach to ownership.
The company currently operates about 110 vessels in the Handy to Kamsarmax segments and fixes between 500 and 600 unique vessels per year. Data from these fixtures provide a solid competitive advantage for assessing vessel performance, prior to any purchase.
“We welcome inquiries from parties that are interested in the benefits of gaining access to Western Bulk´s commercial platform”, said Torbjørn Gjervik.?
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