Bluepool Panamax adds new vessels and outperforms BPI

ATHEN : Bluepool Panamax, a dry bulk shipping pool, is continuing to beat the benchmark Baltic Panamax Index (BPI) and is growing. Since its launch in April 2022, vessels entered in the pool have delivered consistently higher returns to their owners than those traded on an index-linked contract. In July, a further six third party owned vessels joined the pool. The pool, launched in early 2022, now consists of 17 vessels, making it a significant player in the market.

Singapore based MPSL Diamond Pte has brought in its entire fleet of four post-Panamax ships along with an independent Greek owner who has joined with two Japanese built Kamsarmax vessels.

“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. We are backed by a wide network and look forward to continued growth adding further vessels and team members in the future,” said Kimon Angelopoulos, Bluepool Panamax’s Head of Business Development.

MPSL Diamond’s vessels were previously entered with a large pool manager.

MPSL 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.”

Bluepool Panamax is a spot-market only vehicle which uses advanced index-hedging techniques including freight derivative trading to outperform the BPI. To date the Bluepool team has achieved market-beating returns over a volatile period for the Panamax sector.

The pool offers an open-door policy to its participants with commercially flexible entry and exit clauses which allow owners to switch to a fixed rate should they choose. Monthly reports on each vessel’s commercial performance ensure full transparency and oversight for owners.

Its trading division Bluepool Trading is backed by blue-chip market participants and uses investor funds in order to charter-in vessels while deploying them in the spot market exclusively via Bluepool Panamax.