Newport Shipping is drawing on an owner and broker relationship dating back three decades as it looks to launch what it claims to be the first global handysize bulker pool.

Newport chief executive Harald Lone is leading the new initiative for 25,000-dwt to 35,000-dwt vessels alongside experienced dry cargo broker David Harvey, now of Helm.

The pair struck up a friendship when former Klaveness executive Lone and then Simpson Spence & Young (SSY) man Harvey worked on independent power-producer (IPP) projects in Southeast Asia in the 1990s.

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