Independent journal on economy and transport policy
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the Norwegians Saga and Westfal-Larsen constitute a pool in the segment of the ships open hatch
the fleet will be formed by 52 units more two new ships that will be taken in delivery in 2017
July 7, 2014
The Norwegian shipowning societies Forest Carriers Saga (group Hesnes) and Westfal-Larsen Shipping, both specializing in forest the loose transport of goods and producing, have announced the constitution of a pool in the segment of the ships open hatch in which they will meet the fleets of the Saga Shipholding (Norway) AS Masterbulk Pte Ltd (Westfal-Larsen) and of the Attic Forest AS (Hesnes group) for a total of 52 ships of this type let alone two new ships that will be taken in delivery in 2017. The pool, called Welco Saga, will be managed by the Saga Welco, joint venture 50:50 between Saga Shipholding and Masterbulk. According to the forecasts, the activity of the pool - with center to Tenvik/Tønsberg (Norway) - will be started the next 1° October.
Forest Carriers saga is manager of the pool Saga to which properties AS of Japanese NYK with 29 ships Forest AS of property of the Norwegian Holding Hesnes AS with three ships participate to the Saga Shipholding (Norway) the Attic and. Westfal-Larsen Shipping is commercial manager of 20 ships of property of the Masterbulk Pte Ltd of Singapore.
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