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Clipper to take over Klaveness’ Bulkhandling pool

Denmark’s Clipper Group has inked an agreement with Norway’s Torvald Klaveness to take over the Bulkhandling pool, the world’s oldest pool of supramaxes and ultramaxes.

The Bulkhandling pool dates back to 1963 and was the first pool operated in shipping.

The latest agreement will see all current members of the Bulkhandling pool join the new Clipper Bulkhandling pool, and the new pool management will jointly with the members agree on a strategy for further growth and expansion.

Peter Norborg, ceo of Clipper Group, commented: “This is the time to join pools. And with the integration of the Bulkhandling owners, experience and governance into our pool, we know that several other owners are close to joining. We look forward to announce new pool members in the near future.”

Klaveness had announced in November 2019 that Klaveness Chartering would scale down its activity in the supramax segment and that they were looking for partners in their pool business.

In January 2020, Klaveness joined forces with Marubeni to create a dry bulk panama pool, followed by the latest Bulkhandling pool to go under Clipper management.

At present, the dry bulk market is going through a challenging time. Seasonal lows, coupled with significant uncertainty connected to the coronavirus (COVID-19), has caused a historically low market. For owners of vessels, it has become challenging to find good opportunities in the time-charter market, and the pool offering is seen as very attractive by many, according to Klaveness.

The transfer of rights and employees from Klaveness to Clipper Bulk will take place on 1 April 2020. The vessels that will join the new Clipper Bulkhandling pool will be transferred as soon as practicable after 1 April.

“We are ready and will not wait until 1 April to get moving. We have something to offer and now it is time to show that to the market,” Norborg said.

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