The two Norwegian carriers Saga Forest Carriers and Westfal-Larsen have established a new Open Hatch dry bulk vessel collaboration, according to the two companies.

The new pool will go by the name Saga Welco and will operate 52 Open Hatch dry bulk vessels from Saga Shipholding, Masterbulk, owned by Westfal-Larsen and Hesnes Group's Attic Forest. Furthermore, the pool will take delivery of two newbuildings in 2017.