Headquartered in Bergen, Norway, The Westfal-Larsen group is a family-owned maritime transportation company that can trace its roots back to 1905. The ultimate holding company is Skibsaktieselskap Navigation Co. Ltd., which is privately owned by members of the Westfal-Larsen family through various holding companies. The Westfal-Larsen group is involved in transportation of chemicals by sea, specialised dry bulk shipping activities (open hatch), real estate, retail, and technology. The main business activities are in the chemical transportation and the specialised dry cargo shipping segments.
Westfal-Larsen & Co. AS and Welco Eco Ship AS are the shipowners in the chemical transportation division of the Westfal-Larsen group and currently own eight chemical tankers.
DRY CARGO CARRIERS
Singapore-based Masterbulk Private Limited is the owner as well as disponent owner of a fleet of 20 open hatch specialised dry cargo carriers that operate in the Saga Welco pool which is one of the largest players in that segment. Masterbulk owns 50% of the shares in the pool company, Saga Welco AS.
Westfal-Larsen Management AS is the technical manager of all our chemical tankers and four of the vessels owned by Masterbulk Private Limited.
Westchart AS is the commercial management company in the chemical tanker segment.
J. Berstad Eiendom AS is engaged in commercial property investment, development and letting.
Primozone Production AB develops, produces and sells ozone generators for water treatment.
Wallendahl AS is a retail store specializing in hardware, kitchen & home ware, garden equipment and tools.
GROUP ADMINISTRATIVE RESOURCES
Westfal-Larsen Group Resources AS is a resource centre for all the companies within the Westfal-Larsen group, providing general management, accounting and other services.