Despite being a relatively young company, founded in 2019 and operating primarily in the handysize and handymax segments, its team collectively possesses extensive experience in the shipping industry. Having weathered both prosperous and challenging times, the team has a solid understanding of the ins and outs of the industry, such as the critical importance of risk management.
“We know risk management is of paramount importance in our business and operations. Knowing your value at risk, then scaling and aligning it to your financial capabilities is essential towards establishing longevity in a volatile market like dry cargo shipping,” Managing Director Jens Boesen said.
Benefiting from its sound strategies, Union Bulk has seen robust financial performance over the past five years. Boesen noted, “We now have the financial capacity to enter into long-term contracts of five to seven years or longer with Japanese shipowners; we want to expand our business model and our relations with the Japanese shipping community into such long-term commitments.”
The company’s strong rapport with Japanese shipowners is built on personal relationships cultivated and nurtured over decades through its previous ventures.
We recognize the significance of strengthening personal connections and nurturing a mutual understanding of differing interests, as these are pivotal for fostering successful collaborations. We aspire to expand our business model and deepen our ties with the Japanese shipping community through such enduring commitments.
Jens Boesen, Managing Director of Union Bulk
“We view these relationships as enduring partnerships. As such, we strive to have open and honest dialogue, seeking commercial solutions to the various operational scenarios inherent in long-term charters. We recognize the significance of strengthening personal connections and nurturing a mutual understanding of differing interests, as these are pivotal for fostering successful collaborations. We aspire to expand our business model and deepen our ties with the Japanese shipping community through such enduring commitments,” Boesen said.
As a boutique-sized venture poised for expansion, Union Bulk is in a unique position of not only deepening its connections in the industry, but also remaining agile while bolstering growth. “Our boutique size is undoubtedly an asset, affording us the flexibility to adjust our market exposure amidst fluctuations. We have ambitions to further grow the company’s size, but we also acknowledge the importance of preserving the agility and flexibility inherent in our present business model,” Boesen concluded.
