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 companyŽs 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: [email protected]

Kenneth Thu, Chief Financial Officer 
Tel: +47 988 74302
E-mail: [email protected]

About Western Bulk Chartering:
Western Bulk Chartering AS is a major dry bulk shipping operator. The company is
owned by the Kistefos 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.