Vega Bulk Carriers will launch in Oslo next month and will focus on the commercial management of panamax, supramax and handymax bulkers in the Atlantic market.

Niklas Sindum has resigned from his position as Western Bulk's senior vice president of the South Atlantic region and will join Vega at its new office in central Oslo next month.

The new venture will handle business west of Suez, particularly in the Atlantic and Baltic regions, while Vega's existing dry cargo operation in Dubai will operate...