WESTERN BULK CHARTERING Following a strong growth within thePanamax segment, Western Bulk appoints Amit Jakhmola as the company's new Head theIndian Ocean desk, effective 1 September. He succeeds Mohneesh Bhutani who will be fully dedicated to the company´s growth within thePanamax segment as Head ofPanamax 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 ourPanamax strategy that is developing satisfactorily," saysKenneth Thu , CFO of Western Bulk. Amit Jakhmola joined Western Bulk as a chartering manager inApril 2019 , coming from Ifchor Middle East LLC Dubai as a DryCargo Ship Broker . Before that, he worked withInterocean Shipping inDelhi . The Western Bulk Panamax division is fully operational with a total of 5 chartering managers acrossDubai ,Singapore , andOslo , allowing the company to cover all major basins and actively engage in a diverse array of trades. "We setup thePanamax 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 toPanamax . We continue to experience synergies across the different segments, and our performance within thePanamax segment is continuing to surpass our initial projections in both volume and profitability. We continue to expect thePanamax division to be profitable in 2024," says Mohneesh Bhutani. Mohneesh Bhutani has held the positions as both Head ofPanamax and Head ofIndian Ocean , but will be fully dedicated to the company's growth within thePanamax segment as Head ofPanamax going forward. Contacts For more information, please contact: Ørjan Svanevik, Board member and Interim Chief Executive Officer E-mail: orjan.svanevik@westernbulk.comKenneth Thu , Chief Financial Officer Tel: +47 988 74302 E-mail: kenneth.thu@westernbulk.com About Western Bulk Chartering:Western Bulk Chartering AS is a major dry bulk shipping operator. The company is owned by theKistefos Group (68,7 %), Sayonara AS (former Ojada AS) (8,3 %), and a group of about 1200 other shareholders.Western Bulk Chartering AS is registered on Euronext Growth Oslo. See www.westernbulk.com for more information. 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.
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