Japanese trading house Marubeni is strengthening its relationship with Norwegian company Torvald Klaveness by acquiring a 25% stake in dry bulk operator Klaveness Dry Bulk.
The move follows a successful three-year partnership that saw Baumarine by MaruKlav jointly operate the largest panamax pool in the world.
Ernst Meyer, CEO of Klaveness, said that with Marubeni as a partner, the company will increase its positive impact on maritime supply chains and create more value for both companies.
The transaction, which is expected to close in the third quarter, includes Klaveness Chartering’s operating arm, the Baumarine pool and Market Manager, a recently commercialized digital offering.
Toru Okazaki, Chief Operating Officer of Marubeni’s Aerospace and Marine Division, added: “The Torvald Klaveness Group and Klaveness Dry Bulk have delivered significant results, not only for the Marubeni fleet but also for Panamax owners at Baumarine by MaruKlav overall.” They have always demonstrated an innovative approach to ensuring the best yield management, for example through fixed rate conversion during peak periods. We see them driving a high level of customer focus in all activities, which will only become more important in this dynamic dry bulk shipping industry.”