Klaveness pool members enjoy further upside in October

Image: MV Bakkedal

October carried on the upward market trend, and both basins started out positively before losing some momentum towards the end of the month.  With good timing on coverage and duration the pool members enjoyed a continued upside.

The Baumarine Panamax pool in October had daily earnings of USD 15,256 while the Bulkhandling Handymay pool delivered earnings of USD 12,004.

The members get access to a global deal flow and chartering offices in Oslo, Singapore and Dubai. They can also take advantage of the market spikes by locking in the charter rate at an agreed period of time.