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K Line, Noble form new capesize pool

K Line, Noble form new capesize pool
Tokyo: Japanese container line K Line and commodity trader Noble Group's shipping and chartering unit have joined hands to form a new capesize pool.

The new joint venture is slated to start in July with up to 14 capesizes with contributions from both parties.

K Line and Noble Chartering are aiming for greater efficiency and cost savings from this new operation.