Western Bulk has named Amit Jakhmola as its new head of the Indian Ocean desk.

Jakhmola will lead the desk from 1 September, the company said in an email.

“We are very happy for Amit Jakhmola to take on this new position. It is our strategy to provide exciting opportunities for our internal talents and a result of a successful start to our panamax strategy that is developing satisfactorily,” Kenneth Thu, chief financial officer of Western Bulk, said.

The Indian Ocean team comprises seven people who manage the operations of dry bulk vessels in the ultramax to handysize segments.

Jakhmola has worked as a chartering manager at Western Bulk in Singapore and Dubai since April 2019.

Before joining Western Bulk he worked as a dry cargo ship broker at Ifchor in Dubai and at Interocean Shipping Company in New Delhi.

Jakhmola succeeds Mohneesh Bhutani, who will be fully dedicated to the company’s future growth within the panamax segment as head of panamax.

Bhutani has for a period of time been both head of Indian Ocean and head of panamax.

“We set up the panamax business because we saw it as a good strategic opportunity and to better service our customers with a range of vessel sizes from handy up to Panamax,” Bhutani said.

The panamax team currently handles 20 ships.

“We continue to experience synergies across the different segments, and our performance within the panamax segment is continuing to surpass our initial projections in both volume and profitability. We continue to expect the panamax division to be profitable in 2024,” Bhutani added.

The panamax division is fully operational with five chartering managers across Dubai, Singapore and Oslo.