Marubeni buys 25% of Klaveness Dry Bulk

The deal follows a fruitful three years as joint partners of Baumarine by MaruKlav, reportedly the world’s largest Panamax pool.

The agreement includes the operating arm Klaveness Chartering and the Baumarine Pool and Market Manager.

“Since day one, we have enjoyed a close and mutually beneficial collaboration with Marubeni,” said Michael Jørgensen, executive vice president and head of Klaveness Dry Bulk.

“I am proud that we can now take the next step and continue our journey together, helping our clients fulfil their purpose and overcome challenges, while driving our innovative and transformative organisations forward.”

Toru Okazaki, chief operating officer, Aerospace & Ship Division of Marubeni Corporation, said that Klaveness Dry Bulk was delivering significant results for Panamax owners. “They have consistently demonstrated an innovative approach to securing the best earnings management through, for example, the fixed rate conversion at peak scheme,” he said.

“We see them driving a high level of client focus throughout the activities, something that will only become increasingly important in this dynamic dry bulk shipping industry.”

Ernst Meyer, Klaveness chief executive, emphasised the significance of this milestone for the Torvald Klaveness group. “With Marubeni as a partner, we will boost our positive impact on maritime supply chains and create more value for both companies,” he said.