A new handysize bulker pool of about 20 vessels has been launched by former members of the German-run Sea Stallion Pool.

One German and two Greek shipowners are pulling vessels out of the Aug Bolten-managed Sea Stallion Pool in order to form their own commercial chartering operation.

Athens-based M/Maritime Corp and Piraeus-based Ariston Navigation have teamed up with Germany’s Termgroup as founding members and shareholders of the Hamburg-managed TMA Bulk Pool.