Western Bulk appoints new Head of Indian Ocean

Following a strong growth within the Panamax segment, Western Bulk appoints Amit Jakhmola as the company’s new Head the Indian Ocean desk, effective 1 September. He succeeds Mohneesh Bhutani who will be fully dedicated to the company´s growth within the Panamax segment as Head of Panamax going forward.

“We are very happy for Amit Jakhmola to take on this new position. It is our strategy to provide exciting opportunities for our internal talents and a result of a successful start to our Panamax strategy that is developing satisfactorily,” says Kenneth Thu, CFO of Western Bulk.

Amit Jakhmola joined Western Bulk as a chartering manager in April 2019, coming from Ifchor Middle East LLC Dubai as a Dry Cargo Ship Broker. Before that, he worked with Interocean Shipping in Delhi.

The Western Bulk Panamax division is fully operational with a total of 5 chartering managers across Dubai, Singapore, and Oslo, allowing the company to cover all major basins and actively engage in a diverse array of trades. 

“We setup the Panamax business because we saw it as a good strategic opportunity and to better service our customers with a range of vessel sizes from Handy up to Panamax. We continue to experience synergies across the different segments, and our performance within the Panamax segment is continuing to surpass our initial projections in both volume and profitability. We continue to expect the Panamax division to be profitable in 2024,” says Mohneesh Bhutani.

Mohneesh Bhutani has held the positions as both Head of Panamax and Head of Indian Ocean, but will be fully dedicated to the company’s growth within the Panamax segment as Head of Panamax going forward.

Contacts
For more information, please contact:

Ørjan Svanevik, Board member and Interim Chief Executive Officer
E-mail: orjan.svanevik@westernbulk.com

Kenneth Thu, Chief Financial Officer
Tel: +47 988 74302
E-mail: kenneth.thu@westernbulk.com

DISCLAIMERS

This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” "continue," “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Western Bulk Chartering believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this release speak only as at its date and are subject to change without notice Western Bulk Chartering disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.