The Greek headquartered tanker pooling company Signal Maritime Services (Signal) has announced its entry into the dry bulk segment by investing in dry bulk pool operator Bluepool.

Signal mentions that Bluepool currently manages a growing fleet of 21 vessels through a panamax and a newly established supramax pool.

This strategic move aims to enhance performance and broaden market insights, Signal said, adding that the partnership will open expanded opportunities for vessel owners and investors alike.

Panos Dimitracopoulos, chief executive officer of Signal Maritime Services, commented: “This is not just an investment; it’s the joining of two like-minded organizations committed to bringing greater efficiency and value to their respective shipping segments.”

He added that, “Bluepool’s deep expertise in dry bulk, combined with our proven technological backbone, creates a formidable force ready to unlock new opportunities for our partners.”

From his side, Nikolas Gavriilidis, managing partner of Bluepool highlighted that “Collaborating with such a strong and diverse team sets the bar really high. Both teams very much look forward to joining forces towards pool growth and technology enhancement with an aim to provide superior, flexible and transparent pooling services. The industry is moving toward consolidation, and we plan to be the commercial managers serving that consolidation.”