BULKHANDLING AND BAUMARINE Pools
Torvald Klaveness has been running dry bulk pools for more than 50 years. Today we have the Bulkhandling Pool for Handymax, Supramax and Ultramax vessels as well as the Baumarine Pool for Panamax, Kamsarmax and Post Panamax vessels.
The pools operate within a three-month mandate and are well aligned with the Baltic spot indices. The Klaveness pools are operated under full transparency on vessel performance and distribution of earnings among the pool members. Fairness and equal treatment are cornerstones in our pool model.
Our deliverables cover chartering, operations, accounting, risk management and legal counseling. In addition, Klaveness Research provide weekly market updates to the pool members. The pool manager is at any time at the members’ disposal to discuss the market development.
The pool chartering teams in Oslo, Singapore and Shanghai have clear goals and mandates to utilize the ships capabilities in full. The pool manager facilitates the vessel positioning between and within the basins.
All earnings are pooled and the members get the daily net hire according to the vessel’s rating and performance. The combination of global market coverage, risk management and good vessel utilization gives a stable and sustainable cash flow with hire payment every 15 days.
Our operations desk is manned by senior staff with seagoing experience who treat the pool vessels with a ship-owners perspective. The pool provides state-of-the-art hold cleaning equipment for all vessels and follows stringent and well documented procedures to maintain the holds’ condition.
The vessel performance is closely monitored the ships are benchmarked to optimize ships on speed and consumption wherever possible. Through systematic follow up, some 40% of ships entering the pool improve their performance. This increases cash flow to the direct benefit of the pool members.
Risk Management is integrated in all we do, and all business partners are rated based on capital base, performance and reputation. The pools have not had losses on counterparts since the system was implemented in 2008.
For Vessel Earning Point Calculation please use this link