China’s shipping giant Cosco has sent two of its bulk carriers into the Baumarine pool, run by Norwegian shipping company Klaveness.

Although the shipping firm did not disclose the names of the two ships, it did say that the vessels in question are Post Panamaxes.

Klaveness said that it looks forward “to working with one of the major players in the international shipping market.”

Torvald Klaveness, which has been running pools for more than 50 years, operates two streamlined spot market pools, Baumarine and Bulkhandling.

The company’s Bulkhandling Pool is for Handymax, Supramax and Ultramax vessels, while its Baumarine Pool features Panamax, Kamsarmax and Post Panamax vessels.

According to Klaveness, the pools operate within a three-month mandate, and are therefore well aligned with the spot market.