Japanese trading house Marubeni is strengthening its ties with Norway’s Torvald Klaveness with the acquisition of 25% stake in dry cargo operator Klaveness Dry Bulk.

The move follows a successful three-year partnership of jointly running Baumarine by MaruKlav the world’s largest panamax pool.

Ernst Meyer, Klaveness CEO, said that with Marubeni as a partner, the company will boost its positive impact on maritime supply chains and create more value for both companies.

The transaction, set to close in the third quarter, includes the operating arm Klaveness Chartering, the Baumarine pool and Market Manager, a recently commercialised digital offering.

Toru Okazaki, chief operating officer of aerospace and ship division at Marubeni, added: “The Torvald Klaveness group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleet but also for panamax owners in Baumarine by MaruKlav as a whole. They have consistently demonstrated an innovative approach to securing the best earnings management through, for example, the fixed rate conversion at peak scheme. 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.”

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