Six more panamax bulk carriers joined the Bluepool Panamax pool in July, taking its vessel count to 17.
Singapore-based MSPL Diamond, part of Indian conglomerate Baldota Group, has brought in its entire fleet of four post-panamax bulkers.
Two Japanese-built kamsarmaxes have also been contributed by a Greek shipowner.
“We’re delighted to welcome our new partners to our pool and thank them for their vote of confidence in our ability to continue to outperform the index through our intelligence-led chartering and trading decisions,” said Kimon Angelopoulos, Bluepool panamax’s head of business development.
“We are backed by a wide network and look forward to continued growth adding further vessels and team members in the future.”
MSPL Diamond general manager Ravi Maheshwari said: “We were impressed with Bluepool Panamax’s track record to date and are confident that they will continue to deliver market-beating returns for our fleet.”
The MSPL Diamond bulkers joining the pool are the 92,900-dwt Indus Fortune and Indus Prosperity (both built 2011) and the 93,000-dwt Indus Triumph (built 2012) and Indus Victory (built 2013).
Angelopoulos and partners Aris Bachos and Nikolas Gavriilidis launched Bluepool in April 2022.
The pool focuses solely on the spot market and uses index-hedging techniques including freight derivatives trading to outperform the Baltic Panamax Index.
The company also comprises a bulker operating arm named Bluepool Trading, which uses investor funds from “blue-chip market participants” to take vessels on charter. These vessels are deployed in the spot market exclusively via Bluepool Panamax.
The pool claims to have delivered consistently higher returns for its member vessels through its revenue-sharing arrangement, compared to if the same ships were fixed on index-linked contracts.
