Norway's Torvald Klaveness says its Baumarine panamax bulker pool outperformed the benchmark in a volatile June.

It said good fixture timing meant it could deliver a daily net result of $12,312, which was $1,553 above the benchmark for the month.

"The panamax market has in June seen high volatility in both basins, mainly driven by the East Coast South American grain market and the possible consequences of the trade war between USA and China," it added.