Saga Welco AS
Maritime TransportationVestfold, Norway51-200 Employees
Saga Welco AS is a Norwegian maritime transportation company that operates open hatch box-shaped bulk carriers equipped with travelling gantry cranes. The fleet comprises 48 vessels and the company provides worldwide services through regional offices in Vancouver BC, Savannah, Rio de Janeiro, Sao Paulo, Montevideo, Antwerp, Livorno, Tokyo, Seoul, Shanghai and Bergen, with its head office at 22 Tollbodgaten, Tønsberg, Vestfold 3111, Norway. Saga Welco AS traces its origin to Saga Forest Carriers Intl AS and was renamed Saga Welco AS on 1 October 2014, the same day it was acquired 50/50 by NYK Holding (Europe) BV and Armadora AS. The Saga Welco Pool partners, Westfal-Larsen and Saga Shipholding, have been active in the international break bulk/forestry market since 1964 and 1991 respectively, and through the pool will operate a large fleet of open hatch gantry cranes to offer capacity and flexibility; Saga Welco AS will manage the fleet by combining the competence demonstrated by Saga F.C. and Westfal-Larsen. The company employs between 51 and 200 people and reports annual revenue in the range of $50–$100 million.
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