NEWS

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June 1, 2010 - Einar Didriksen takes over and Tor Schumann Olsen retires as President

Einar Didriksen (49) has taken over as President and CEO of Westfal-Larsen Shipping from 1st June 2010. Tor Schumann Olsen (66) has retired from the same date.

March 8, 2010 - Naming of MV Panamana.

Masterbulk and Westfal-Larsen Shipping's latest newbuilding "PANAMANA" was successfully named by Carmen Carsalade on 8th of March in Livorno, Italy. "PANAMANA" is the forth, and the last in a series of four about 55.000 tonners "P" class Open Hatch Gantry Craned built at Oshima Shipyard Ltd., Japan. She was delieverd 20th January 2010.

February 1, 2010 - Stephen W Fordham elected Chairman of Westfal-Larsen Shipping

The shareholders of Westfal-Larsen Shipping, Masterbulk Pte Ltd, has eleceted Stephen W Fordham as new Chairman as from 26th January 2010. The previouos Chairman, Ragnar Nielsen retired from 1st February 2010 from the position of President of Masterbulk Pte Ltd. New President of Masterbulk Pte Ltd. is Rune Steen.

January 20, 2010 - Delivery of MV Panamana.

Panamana' was delivered to Masterbulk/Westfal-Larsen Shipping 20th January 2010, from Oshima Shipyard. She is the last in a serie of four open hatch gantry crane vessels built at Oshima Shipyard for Masterbulk/Westfal-Larsen Shipping. Details, see Fleet.