Stronger Together: Baumarine by MaruKlav Strengthens Market Position Through Collaboration and Innovation
Baumarine by MaruKlav marks a successful 2024, driven by strong collaboration with its pool members. The company not only delivered positive results over the year but also expanded its network by welcoming several new owners, further strengthening its geographical reach and market positioning. As they continue to challenge market mechanisms, their focus remains on working closely with members to:
Leverage positions
Improve vessel performance through joint knowledge sharing
Develop new business models
With one goal: To be the preferred Earnings Manager for Owners in the Panamax and Kamsarmax segment.
Michael Jørgensen, EVP, Head of Klaveness Dry Bulk, comments: “We are pleased to have delivered positive results slightly above index during 2024 and further welcomed 5 new owners in the last 6 months. While we seek to grow the pool volume for increased geographical and timing coverage, we also deliver value enabling a flexible model (3 months minimum commitment) allowing a quicker withdrawal to facilitate asset management.”
2024 Performance Highlights
At their recent biannual pool meeting, they shared key deliverables and milestones from the past year:
Pool Index Vessel (standard Kamsarmax) – $4,945,385 net / $5,205,668 gross in 365-day earnings, slightly above the P5TC index.
8 out of 12 months outperforming the P5TC index.
Strategic earnings conversions – 25 agreements executed, covering 1,337 vessel-days by converting from spot to fixed earnings at FFA peaks.
Earnings upside delivered – $1,966,096 in total ($1,471 per day), ensuring pool members maximize market opportunities with ease.
Operational success – 172 fixtures completed, transporting 12.6M mt of cargo across 20 different commodities.
Sustainability compliance – Full fleet aligned with RightShip, GHG, CII, and EU-ETS regulations.
Enhanced transparency & insights – 12 monthly Pool Newsletters featuring commercial, operational, bunker, and research updates.
Carl-Martin Graf, VP, Head of Baumarine, reflects: “Positive results were delivered in 2024, and we are dedicated to optimizing our joint fleet basis duration, direction and cross-trade investments according to prevailing market behaviors, aiming to maximize earnings capacity for specific design, age, and technical description of our joint fleet, proactively dealing with operational challenges for the benefit of all our members.”
Ignacio Pizarro, Global Head of Partner Relations, comments: “We are closing another successful year in Baumarine, not just spot earnings achieved but another year with the key for some members being the conversion to fixed hire at market peaks, an instrument creating significant value in 2024. Members set the fixed rate target, we set the alarm, we call them whenever achievable. Simple as that.”
Pizarro continues: “We keep close communication with our partners on everything happening around their assets, market information sharing, secondhand market advice and commercial evaluation of S&P candidates, latest regulations affecting international shipping, and much more.”
About Baumarine by MaruKlav
Baumarine by MaruKlav is a Dry Cargo Panamax pool serving owners globally through in-depth market and industry knowledge run by the joint managers Marubeni and Klaveness. Through close collaboration, scale and use of data and analytics we provide a viable alternative to ship owners in a market where charterers are often taking the lead in terms of timing the next fixture. Volatility in the market looks certain to stay and we give owners the control back.
Contact us:
Ignacio Pizarro
Global Head of Partner Relations
ipi@klaveness.com