knut krogsrud

Western Bulk Shipholding AS is a 100% owned subsidiary of Western Bulk ASA and was established in late 2009 to build up a core fleet of dry bulk tonnage through long term time charter leases with optional period extensions and purchase options or through direct investments in vessels. The objective is to leverage from the Group's in-depth knowledge of the market and of the strengths and weaknesses of different vessel designs to take opportunistic exposures towards the asset market; and to build up a core fleet that can be time chartered out to WB Chartering as hedges against long term freight contracts.

Pareto bank has been a niche provider of shipping and offshore financing since 2011. Our dedicated and experienced team can offer you customized financing solutions for your shipping and offshore investments. Our strong link to the Pareto Group helps us utilize the interesting opportunities this challenging and awarding segment has to offer. Total lending in the shipping and offshore portfolio is NOK 1.5 billion, and the bank is gradually expanding our diversified portfolio. Our main focus is traditional and industrial shipping, emphasizing on dry bulk, tank, container, gas carrier, ro-ro´s as well as offshore support vessels. Credit decisions are made on the basis of in-depth analyses of segment, vessel type, market outlook and lender’s commercial and financial standing. We emphasize a Norwegian link, either through ownership or head-charter, and we do both stand-alone financing or participate in club deals/syndicates. Pareto Bank wishes to contribute to support the Norwegian shipping cluster through innovative financing solutions.