Klaveness pool members get full market upside

Close up of vessel

The Baumarine Panamax and Post-Panamax pool members get the full market upside from ships traded in the spot market.  In Q4 2016, the pool result gave daily net earnings of USD 7800, and for December alone the daily net earnings were USD 9100 for the BPI vessel. Daily net results for January 2017 is at USD 9,247 which is USD 1,887 above the P4TC index.

The solid results for the Baumarine Panamax/Post-Panamax pool is a result of good risk management, positioning of tonnage between and within the basins, and a good network of well reputable charterers. Pool members get access to the Klaveness deal flow which amounts to an annual volume of 65 million tons of cargo and 1500 fixtures.  With a running exit notice and possibility to convert to a fixed rate, the pool members are well positioned to utilize the market volatility for optimizing vessel earnings.

According to Klaveness Research the macro picture looks positive at the moment with global industrial production growing at an accelerating pace. We are now entering a time period where rates historically have been increasing. Klaveness Research expects the net fleet growth in 2017 and 2018 to be less than 2.0% per annum.

Global PMI vs BDI and P4TC graphs

*Based on Manufacturing PMI’s from countries representing 86% of global industrial production.

If you are interested to learn more about the pools and our deliverables, contact Head of Pool Management Hans Næss Olstad at commercial@klaveness.com

 

 

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