Establishment of a Joint Venture : Panamax-Type Bulker Shipping Pool ～Collaboration with Klaveness～[120KB]
January 21, 2020 at 09:19 pm EST
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January 22, 2020
Marubeni Corporation
Establishment of a Joint Venture : Panamax-Type Bulker Shipping Pool
~Collaboration with Klaveness~
Marubeni Corporation (hereinafter, "Marubeni") and leading Norwegian Ship Owner and Operator Torvald Klaveness (hereinafter, "Klaveness") have agreed to establish Maruklav Management Inc. (hereinafter, "MaruKlav"). MaruKlav will be a joint shipping pool managing a global fleet of Panamax-size bulk carriers, and is expected to commence operations on April 1st, 2020. With around 30 vessels, this will be one of the world's largest Panamax-type bulker pool.
Due to the projected increase in seaborne trade in all trade segments as a result of economic and population growth across the globe, the trading pattern for bulk carriers become more complex, and efficiency in trading and operating vessels will become even more important. MaruKlav will control a substantial number of vessels and will be able to take advantage of scale of fleet and positioning vessels effectively in order to provide high quality service to customers.
The consolidation of the two pools through MaruKlav, each previously managed separately by Klaveness and Marubeni respectively, will bring a wealth of added-experience into the pool and maximize return to pool participants. It will also contribute to a high level of customer satisfaction.
Marubeni's in-house owned fleet of modern low-emission economical Panamax ships are expected to form part of the joint pool after the commencement of MaruKlav's business operations. Through MaruKlav, Marubeni seeks to not only maximize profit, but also bring better and more efficient transportation of grain and natural resources to the world.
Company Name ：Torvald Klaveness Group
Location
：Drammensveien 260, Oslo, N-0283, Norway
Founded
：1946
Chairman
：Mr. Trond Harald Klaveness
Business
：Shipping
Offices
：Oslo, Singapore, Dubai, Manila
HP
：https://www.klaveness.com/
Panamax-type bulk carrier
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Marubeni Corporation published this content on 22 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 January 2020 02:18:04 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
