The Baumarine by MaruKlav panamax bulker pool has logged what it calls a strong end to 2022, beating the Baltic Exchange benchmark over the year.

The joint venture owned by Norway’s Torvald Klaveness and Japan’s Marubeni Corp said earnings in December averaged a net $13,943 per day, or $14,677 gross.

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This is above the Baltic’s P5TC index for the same month.