Marubeni and Torvald Klaveness' panamax pool joint venture MaruKlav is expanding its services to offer shipowners a chance to switch between floating and fixed cover at any time.

The move, dubbed MaruKlav 2.0, comes after a year of successful operations in Singapore and aims to allow pool partners to react to the market.

The structure allows owners in the Baumarine by MaruKlav pool to take control of their destiny in using market peaks to lock in fixed earnings at pre-set target levels, the companies said.