Torvald Klaveness is transferring its Bulkhandling pool to Denmark's Clipper Group as it focuses on its bigger vessels.

The deal to sell the world's oldest shipping pool, which comprises supramaxes and ultramaxes, brings to an end the reorganisation of its bulker operations.

In January, Klaveness had created the biggest global panamax pool by merging its Baumarine operation with Japanese trading house Marubeni's managed bulkers.