Masterbulk Private Limited was established in Singapore in July 1995 following a major spin off from Westfal-Larsen & Co A/S in Bergen, Norway.

The Company owns a total of 23 Open Hatch Gantry Crane vessels.Its fleet operates in the drybulk segment and is involved in the transportation of multi-purpose and unitised cargoes worldwide.

Masterbulk is a shipping company that owns 22 open hatch ships with another four on order. It conducts technical management

Technical management

Technical management involves the duties a shipping company must perform for the technical operation of a vessel. This involves management related to crew management with related tasks, logistics related to operations as well as operations, service and maintenance.Often technical management is...

 of 16 of these vessels. The commercial management

Commercial management

Commercial management-- is a term used to describe the non-technical business disciplines within a company or organization, particularly the administration of revenue and expenses to generate a financial return...

 is performed by Star Shipping

Star Shipping

Grieg Star Shipping is a shipping company based in Bergen, Norway that operates 60–70 vessels with a total of 3 million deadweight tonnes. The company is a joint venture between Grieg Group and Masterbulk that was founded in 1961. The main area is industrial transport with 50 open hatch ships....

, a company that Masterbulk owns half of with the rest being owned by Grieg Shipping. Masterbulk is based in Singapore

Singapore

Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...

 and has 17 employees. It is a subsidiary of the Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 shipping company Westfal-Larsen

Westfal-Larsen

Westfal-Larsen is a group of shipping company owning 24 open hatch ships and five chemical tankers based in Bergen, Norway. The groups main activities also include investment as well as ship technical and commercial management...

.