Pool Benefits

Pool Characteristics

The Pool is designed to provide a commercial structure that delivers superior earnings by:

Exploiting greater market penetration through a consolidated fleet presence
Delivering Higher Fleet Utilization
Providing Economies of Scale and Scope
Access to off-market back haul cargos and ability to serve COAs

The characteristics of the Pool are

Independence from the asset ownership
Impartiality with all participants treated equitably, through direct voting rights in the Executive Committee
Transparency in financial reporting, through 24/7 IT portal and monthly reconciliation
Alignment of commercial interests

Chartering Strategy

The chartering strategy will aim to maximize revenue by matching the vessels in the fleet with the most appropriate cargos, based on the position and abilities of each vessel, focusing on voyage and trip charter fixtures.
Initially the pool will focus its efforts in the Atlantic basin, as means to increase utilization and provide superior earnings, and will grow its focus when the number of vessels under management allow for possible geographic expansion.

Atlantic Basin over-performs the Pacific Basin by 10 to 15 percent on average over the last decade

Expertise in local/coastal markets in ECSA, USG, Baltic and the Black Sea and knowledge of the needs and restrictions each market has, so that vessels are allocated efficiently.
Very good relationship with all major trading houses as well as operators ensuring preference against competing vessels, better market visibility and penetration.