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Vogemann supramax pool ‘beats the Baltic’

The H. Vogemann Supramax Pool says it outperformed the Baltic Supramax Index during the fourth quarter 2015, “despite the present poor charter market”.

“This is remarkable since the pool has taken over vessels mainly in the Pacific region, where charter levels were significantly lower than in the Atlantic. Pacific Index (BSI pacific routes) was beaten by 38%,” the Hamburg-based pool said today. It did not give specific information about its vessels’ daily earnings.

Timecharter average spot rates for the Baltic Supramax Index – Asia averaged $4,540 per day on intra-Asia and trans-Pacific routes between October 1 and December 31, 2015. The conventional Baltic Supramax Index averaged spot rates of $5,799 per day during the period, according to Baltic Exchange data.

Vogemann said it is striving to outdo the Baltic index again during 2016, and plans to implement DNV GL’s ECO Insight fleet performance management system in order to enhance the vessels’ operational efficiency.

The pool was jointly set up in mid-2015 by the Hamburg-based shipping companies H. Vogemann and Ahrenkiel Steamship, and now comprises 17 vessels.  The pool operates bulk carriers of between 50,000 dwt and 60,000 dwt.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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