A new bulker pool is promising to offer Japanese owners an alternative employment opportunity to their traditional long-term time-charter business.

The Maruklav pool was announced in January by Norway’s Torvald Klaveness and Japanese trading house Marubeni.

The panamax and post-panamax venture draws together the Marubeni-run MG Harrison Shipping Pool and Klaveness’ data-driven Baumarine pool.

MG Harrison was started in 2016 by Marubeni’s grain department.