- Bluepool Panamax, a dry bulk shipping pool, has outperformed the Baltic Panamax Index (BPI) since its launch in April 2022.
- The pool has grown to 17 vessels, with new partners joining, including Singapore-based MPSL Diamond Pte and an independent Greek owner.
- Blue Pool Panamax uses advanced index-hedging techniques and offers flexible entry and exit clauses for vessel owners.
Since its launch in April 2022, Athens-based Bluepool Panamax, a dry bulk shipping pool, has consistently outperformed the Baltic Panamax Index (BPI). Shipowners in the pool have enjoyed better returns than those using index-linked contracts. By July, the pool had added six new third-party vessels, bringing its fleet to 17 ships and solidifying its position as a growing player in the shipping industry, reports Dry Bulk Magazine.
New Partnerships
Recently, Singapore-based MPSL Diamond Pte entered the pool with its fleet of four post-Panamax vessels. Additionally, an independent Greek owner joined with two Japanese-built Kamsarmax vessels.
Kimon Angelopoulos, Bluepool Panamax’s head of business development, said, “We’re delighted to welcome our new partners to our pool and thank them for their vote of confidence in our ability to continue outperforming the index through our intelligence-led chartering and trading decisions. A wide network backs us and look forward to continued growth adding further vessels and team members in the future.”
Advanced Techniques
MPSL Diamond General Manager, Ravi Maheshwari, expressed confidence in Bluepool Panamax’s ability to maintain their market-beating performance.
He noted,“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.”
Bluepool Panamax focuses solely on the spot market, using advanced index-hedging techniques like freight derivative trading to stay ahead of the BPI. The pool offers vessel owners flexible entry and exit clauses, allowing them to switch to a fixed rate if desired. Full transparency is ensured with monthly performance reports for each vessel.
Bluepool Panamax’s trading division, Bluepool Trading, is backed by blue-chip market participants and investors. It charters vessels in the spot market exclusively, ensuring continued success for the pool’s participants.
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Source: Dry Bulk Magazine
