2017 ends on a high for Klaveness pool members
Kamsarmax MV Bavang
The dry bulk market remains highly positional and volatile, and 2017 was no exception. The Bulkhandling Supramax pool had a daily result of USD 10 860 after all costs for December, while the Baumarine Panamax pool had daily earnings of USD 12 995 after all costs during the month. Both pools delivered results well above the benchmark and the forecast.
The solid earnings are the result of covering a major part of the tonnage mid-December where the Atlantic Panamax market was especially buoyant. These high-level fixtures will help the result well into 2018. The strong Continent market was utilized to its maximum by running the vessels spot.
In Bulkhandling (Supra) the result was lifted by good timing of short period fixtures in Pacific at levels above the market before it turned soft. Coupling this with the operations team being able to optimize ship performance and the execution of voyages contributes to the strong results.
In an increasingly volatile market more members are now utilizing the possibility for converting the revenue stream to a fixed income for a given period. Baumarine and Bulkhandling are giving the members access to the Klaveness deal flow and portfolio of first class charterers, and they benefit from a global coverage in a volatile and diversified market.
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