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Regulatory press release

WEST: Western Bulk establishes Steel Parcelling team in Antwerp

Western Bulk Chartering
Western Bulk is pleased to announce the establishment of a new Parcelling team
in Antwerp, Belgium, as part of its continued expansion of niche capabilities
alongside its core bulk operations.

To lead this initiative, Western Bulk has hired Wesley Loeman and Renzo Van
Damme, an experienced team with strong track records and networks within steel
parcelling and related cargo segments in Atlantic.

The new desk builds on Western Bulk's existing parcelling capabilities across
operations, support and chartering, completing the platform required to
re-engage in a segment where the company has historically held a strong
position. This move is also driven by a clear customer demand to re-engage in
steel and bagged cargo trades.

"We are excited to welcome Wesley and Renzo and to re-establish our presence in
the parcelling business. Their experience fits well with our strategy of
building a diversified commercial platform, where specialist teams benefit from
the scale and reach of Western Bulk," says Torbjørn Gjervik, CEO of Western
Bulk.

The team will also collaborate closely with the Lumber & Projects team in
Bergen, with clear opportunities for commercial synergies in the European
market. Both teams will be fully operative from 1st of May.

We invite both new and existing customers with breakbulk, project and parcel
cargoes to reach out to parcel@westernbulk.com to explore what Western Bulk can
do for you.


Contacts
For more information, please contact:
Torbjørn Gjervik, Chief Executive Officer
Tel: +47 940 28211
E-mail: torbjorn.gjervik@westernbulk.com

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


About Western Bulk Chartering:
Western Bulk is a global dry bulk operator and derivatives trader registered on
Euronext Growth in Oslo. Propelled by an entrepreneurial spirit, we combine
in-depth maritime knowledge with trading expertise. Through combining advanced
risk management, extensive use of market data, analytics to optimize fleet
deployment and vessel-cargo matching, we offer tailor-made solutions serving our
customersŽ needs.

See westernbulk.com for more information.
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