MASTERBULK AS
MASTERBULK AS is registered as a limited company in Bergen, Vestland with organisation number 923842675. The business is classified under freight ocean transport (NACE 50.201). The company was incorporated in 2019. Registered share capital is NOK 9.7m, divided into 100 shares. The company's stated purpose is: “Drive skipsrederi og virksomheten er begrenset til å bygge, eie og drifte skip, inkludert innhente kapital, oppta lån og stille sikkerhet når dette er nødvendig for å utøve virksomheten. Selskapet skal ikke engasjere seg i andre aktiviteter, foreta andre investeringer eller påta seg andre forpliktelser enn de som er nødvendige for å utøve virksomheten.”. The most recent filed accounts, for the 2025 financial year, show USD 79.8m in revenue and USD 4.7m in operating profit.
This company reports in USD. The figures below are as filed, not converted to kroner. The top lists convert them to NOK at Norges Bank's rate for the end of the accounting year.
Key figures · 2025
Financial health · 2025
Who owns MASTERBULK AS?
MASTERBULK AS has 1 registered shareholder:
- ARMADORA AS 100.0%
Group structure
MASTERBULK AS er morselskap for 17 datterselskaper:
- ARMADORA AS 100%
- NØSTET BRYGGE AS 100%
- WELCO ECO SHIPHOLDING AS 100%
- WESTFAL-LARSEN & CO AS 100 %
- WESTFAL-LARSEN GROUP RESOURCES AS 100%
- WESTFAL-LARSEN MANAGEMENT AS 100 %
- WESTFAL-LARSEN TECHNOLOGY AS 100 %
- MASTERBULK AS 100%
- MULTI PULSE SWEEP INTERNATIONAL AS 100 %
- PRIMOZONE PRODUCTION AB 100%
- WALLENDAHL AS 100%
- WELCO ECO SHIP AS 100%
- WESTCHART AS 100 %
- WESTFAL-LARSEN EIENDOM AS 100%
- WESTFAL-LARSEN SHIPPING AS 100%
- WESTGAS AS 100 %
- WESTGAS MANAGEMENT AS 100 %
Frequently asked questions about MASTERBULK AS
Who owns MASTERBULK AS?
ARMADORA AS is the largest registered owner, with 100.0%.
What is the revenue of MASTERBULK AS?
MASTERBULK AS had revenue of USD 79.8m in 2025.
Who is the general manager of MASTERBULK AS?
Bernt Ulrich August Muller is registered as general manager of MASTERBULK AS.
Where is MASTERBULK AS based?
MASTERBULK AS has its business address in Bergen.
Property
34 companies are registered at this address.
The address this company is registered at, from the company register and matched against the cadastre. It does not say who owns the property — a company may be a tenant, and the address is often its accountant's. Source: Brønnøysundregistrene and © Kartverket.
Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 02.09.2026.