Klaveness Ship Management

Norwegian investment firm EGD Shipping Invest has recently divested a substantial portion of its shares in Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC), amounting to a $23 million transaction. Despite this significant sale, EGD Shipping Invest maintains its stake and commitment to the Oslo-listed combination carrier owner Klaveness Combination Carriers (KCC). The recent transaction, disclosed in a filing by Klaveness Combination Carriers (KCC), involved the sale of 2.36 million shares at a price of $9.71 each this past Friday. This sale accounts for 3.9% of the company’s shares, indicating that while EGD Shipping Invest has capitalized on the opportunity to realize a profit, it continues to hold a vested interest in Klaveness Combination Carriers’ (KCC) future success and operations. 20-February-2024

 

Engebret Dahm, the CEO of Klaveness Combination Carriers (KCC), has emphasized the company’s focus on preparing for future growth by developing profitable next-generation newbuilding concepts, indicating a strategic approach to expansion without an immediate need for augmenting the fleet with new ships. During an earnings call, Dahm articulated Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers’ (KCC) perspective on growth, stating that Klaveness Combination Carriers believes in its unique concept and the potential for expansion over time. However, Klaveness Combination Carriers (KCC) CEO Engebret Dahm noted that the company is currently not in a rush to add more newbuildings, highlighting an approach of acting at the right time based on the profitability and readiness of new concepts. Klaveness Combination Carriers (KCC) is actively working on new designs as part of its strategy to develop next-generation vessels, although specific details about these growth plans and concepts remain somewhat vague, underscoring a cautious and deliberate planning process. Klaveness Ship Management A/S is pivotal in upholding the exceptional standards of safety, reliability, and environmental compliance that Klaveness Combination Carriers (KCC) is renowned for. This entity is integral to ensuring that all vessels operated by Klaveness Combination Carriers (KCC) adhere to the highest industry standards, thereby safeguarding the integrity of cargo, the well-being of crew members, and minimizing environmental impact. Through meticulous management practices, regular training, and adherence to international regulations, Klaveness Ship Management A/S plays a vital role in enabling Klaveness Combination Carriers (KCC) to maintain its reputation as a responsible and reliable operator in the maritime industry. 17-February-2024

 

Klaveness Combination Carriers (KCC), the Norwegian shipowner and operator, is intensifying its focus on a larger portion of tanker trades as rates soar to record levels. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is forecasting its best-ever earnings for its Cleanbu ships in the first quarter of 2024. The Oslo-listed shipowner and operator, Klaveness Combination Carriers (KCC), has reported substantial earnings in a historically strong fourth quarter of 2023 and is on track to achieve more record-setting performances this year. As an owner of ships capable of transporting both wet and dry cargoes, Klaveness Combination Carriers (KCC) noted that 2023 was its most successful year thus far. “In a year characterized by sudden changes in trade and extreme market volatility, the fleet of Klaveness Combination Carriers (KCC) has proven its effectiveness,” added Klaveness Combination Carriers (KCC). This statement underscores Klaveness Combination Carriers’ (KCC) strategic agility and operational excellence in navigating through the fluctuating dynamics of the global shipping market. 16-February-2024

 

In the wake of an exceptionally turbulent 2023, Norwegian shipowner Torvald Klaveness and Japanese trader Marubeni Corporation have announced plans for significant expansion in the bulk carrier sector. Following Marubeni’s acquisition of a 25% stake in Klaveness Dry Bulk in June 2023, the partners are poised for growth in ship investment and earnings management throughout 2024. This collaboration aims to capitalize on the sustained strong performance of the ship operating business and to strategically enhance the MaruKlav pool operation. Additionally, they plan to leverage digital tools to optimize their operations further. This partnership marks a commitment to growth and innovation in the face of the shipping industry’s challenges, indicating a robust response to the extreme volatility experienced in the previous year. 28-January-2024

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) CEO Ernst Meyer emphasized the necessity of taxation in the shipping industry to achieve net zero emissions during the annual Klaveness Forum in London. CEO Ernst Meyer pointed out that regulation alone would be insufficient, especially given the current scarcity of green fuels. Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) CEO Ernst Meyer highlighted that the shipping industry had largely overlooked CO2 emissions until recently, which has led to a sudden and urgent need to accelerate efforts towards sustainability. Klaveness Combination Carriers (KCC believes that implementing a tax on carbon-based fuels is the most effective way to drive the necessary change towards achieving net zero in shipping. 9-December-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has taken a significant step towards reducing its environmental footprint by deciding to equip four (4) more of its ships with air lubrication systems from Silverstream Technologies. This initiative is part of Engebret Dahm-led shipowner and operator Klaveness Combination Carriers’ (KCC) broader commitment to decreasing emissions across its fleet. The Oslo-listed Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has not only confirmed the retrofitting of these four ships but also retains the option for additional retrofits in the future. The first two vessels scheduled for this upgrade are the CLEANBU-type Combination Carriers (oil product and dry bulk carriers), the 84K DWT MV Barracuda and the 82K DWT MV Barramundi, both constructed in 2019. This agreement with Silverstream Technologies is a testament to Klaveness Combination Carriers’ (KCC) proactive approach in adopting innovative technologies for environmental sustainability. By integrating air lubrication systems, Klaveness Combination Carriers (KCC) aims to significantly reduce fuel consumption and emissions, aligning with global efforts to make shipping more eco-friendly. Klaveness Combination Carriers ASA, based in Norway, operates a unique and versatile fleet of combination carriers. These specialized vessels are designed to switch seamlessly between transporting dry and wet cargoes, offering a high degree of operational flexibility. The company’s fleet comprises 16 ships, split evenly with eight CABU (Caustic Soda-bulk) vessels and eight CLEANBU (Clean Petroleum Product-bulk) vessels. These combination carriers primarily engage in the transportation of Clean Petroleum Products (CPP) or Caustic Soda Solution (CSS). They frequently operate routes from refineries and production facilities in key regions such as the Middle East, India, and the Far East, as well as the United States Gulf, transporting to destinations like Australia and South America. These areas are recognized as major global hubs for the export of dry bulk commodities. On their return voyages, the Klaveness Combination Carriers’ fleet typically carries a variety of dry bulk goods. This cargo can include alumina, bauxite, grains, salt, iron ore, and coal, thus making the most of the vessels’ dual cargo capabilities. Established in March 2018, Klaveness Combination Carriers (KCC) ASA maintains a presence with offices in Oslo, Norway, and Singapore. This strategic setup allows the company to efficiently manage its operations and maintain a strong position in the global shipping market. Klaveness Ship Management A/S is responsible for the comprehensive management of the entire fleet belonging to Klaveness Combination Carriers (KCC). Klaveness Ship Management A/S encompasses overseeing the operational, technical, and crewing aspects of Klaveness Combination Carriers’ (KCC) specialized fleet of combination carriers, ensuring efficient and effective maritime operations. Klaveness Ship Management A/S plays a crucial role in maintaining the high standards of safety, reliability, and environmental compliance for which Klaveness Combination Carriers (KCC) is known. 16-November-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) believes that the introduction of carbon levies will accelerate the payback period for a significant energy-saving device retrofit on one of its ships. Engebret Dahm-led shipowner and operator Klaveness Combination Carriers (KCC) disclosed that it had invested $4 million in retrofitting the 2017 built CABU-type Combination Carrier 80K DWT MV Ballard and transports caustic soda and dry bulk cargo. This retrofit involved the adoption of air lubrication, making it the first Klaveness Combination Carriers (KCC) ship and one of the first in the tanker and bulker sectors to utilize this technology. The introduction of carbon levies is expected to expedite the return on investment for such eco-friendly retrofit projects. Currently, Klaveness Combination Carriers (KCC), headquartered in Oslo, operates a fleet consisting of nine (9) CABU-type Combination Carriers and eight (8) CLEANBU-type Combination Carriers. These vessels are specifically designed to transport a wide range of cargoes, including both dry bulk and liquid cargoes. This versatility allows Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) to effectively handle various types of shipments, making KCC’s fleet adaptable to different cargo transportation needs. 2-November-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has reported its third-quarter earnings in the context of a seasonally weaker market for tankers and bulk carriers. Despite this challenging environment, Oslo-listed CEO Engebret Dahm-led shipowner and operator Klaveness Combination Carriers (KCC) achieved record rates for its CABU-type Combination Carriers that can carry caustic soda and bulk cargo. While Klaveness Combination Carriers (KCC) described the company’s net earnings of $16.3 million as “strong,” they were lower than the $22 million recorded in Q3 2022. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers’ (KCC) revenue also experienced a decline, dropping from $48.8 million to $43.8 million. This reduction in earnings and revenue was primarily attributed to a decrease in rates for the CLEANBU-type Combination Carriers. The average TCE (time charter equivalent) earnings for the Klaveness Combination Carriers’ (KCC) fleet reached $32,214 per day. Despite the dip in earnings, Klaveness Combination Carriers remains a significant player in the maritime industry, focusing on the transportation of various cargoes, including caustic soda and bulk materials. Klaveness Ship Management A/S is responsible for the management of the entire fleet owned by Klaveness Combination Carriers (KCC). At present, Oslo-based Klaveness Combination Carriers (KCC) possesses and operates a fleet comprising nine (9) CABU-type Combination Carriers and eight (8) CLEANBU-type Combination Carriers. These vessels are designed to transport a variety of cargoes, including both dry bulk and liquid cargoes, making them versatile and capable of handling different types of shipments. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has a long history as an owner and operator of combination carriers, dating back to the early 1950s. Throughout this extensive period, Klaveness Combination Carriers (KCC) has continually worked on improving various aspects of its operations. This includes the development and enhancement of vessel design, equipment, operational procedures, and crew training. The goal of these efforts is to offer customers the most efficient, environmentally friendly, and high-quality shipping services possible. As of now, this diverse fleet allows Klaveness Combination Carriers (KCC) to provide versatile and adaptable shipping solutions to meet a wide range of cargo transportation needs. 31-October-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) reports increased earnings from CABU-type Combination Carriers amid a decline in CLEANBU-type Combination Carriers rates due to faltering tanker markets. The Q3 2023 saw a diverse performance for Klaveness Combination Carriers (KCC) of Norway, particularly concerning rates, as a result of weaker tanker markets. Oslo-listed CEO Engebret Dahm-led shipowner and operator Klaveness Combination Carriers (KCC) indicated in its preliminary earnings report that the daily average earnings for its CABU-type Combination Carriers, which transport caustic soda and dry bulk, stood at $37,134. This figure marks an increase of $2,630 from the Q2 2023, a rise attributed primarily to improved earnings in the caustic soda and dry bulk sectors. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 13-October-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is embracing air lubrication retrofits as a step towards its decarbonization goals. The Oslo-listed CEO Engebret Dahm-led shipowner and operator Torvald Klaveness has recently retrofitted its newest CABU-type caustic soda and dry cargo vessel with a system from Silverstream Technologies, in addition to other energy-saving enhancements. 20017 built CABU-type bulk carrier 80K DWT MV Ballard has successfully undergone dry dock and sea trials following these installations. This move makes Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) one of the pioneering tanker or bulker owners to adopt the Silverstream system. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 27-September-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is embarking on an exploration of advanced shipboard internet connectivity, testing out Elon Musk’s Starlink system. This venture into the next-generation low-earth orbit satellite service is in partnership with network provider Marlink. Klaveness Combination Carriers’ (KCC) objective behind this initiative is to bolster digital interactions and data sharing between the ship and the shore. This aims to address the Klaveness Combination Carriers’ (KCC) strategic goals concerning the safety and well-being of its crew as well as minimizing carbon emissions. Although the maritime industry has seen notable advancements in ship technology and navigation systems, connectivity remains a consistent challenge. This lack of stable connection compromises the seamless interaction between ships and their onshore counterparts. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has emphasized this persisting issue. Klaveness Combination Carriers (KCC) foresees this technology as a monumental shift from conventional satellite internet services, bridging the gap between ships and their home bases. Such advancements are projected to heighten crew safety and welfare, optimize operational efficiency, and reduce the environmental impact. Klaveness Combination Carriers (KCC) has already implemented the Starlink system on the CLEANBU-type Combination Carriers, MV Baru and MV Ballard, is in the process of being equipped with Starlink. This upgrade in connectivity is not just about improving operations. It will also support Klaveness Combination Carriers’ (KCC) efforts to expand on their remote inspection initiatives, first launched in 2021. This includes boosting real-time sensor data, analytics, and digital capabilities. Furthermore, this improved connectivity ensures that seafarers can maintain secure communications with their loved ones, fostering their well-being during long voyages. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 18-September-2023

 

While grander and more advanced vessels are on the horizon, Klaveness Combination Carriers (KCC) seeks to prolong the tenure of their esteemed elder vessels. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is hesitant to bid adieu to its seasoned fleet. CEO Engebret Dahm-led shipowner and operator Torvald Klaveness has aspirations to maintain the CABU-type fleet’s magnitude, contemplating possible augmentations in the future. Klaveness Combination Carriers (KCC) ardently praises the merits of its avant-garde newbuildings. However, the venerable Oslo-listed Klaveness Combination Carriers (KCC) remains unwavering in its allegiance to its time-honored vessels. A whopping $180 million is being channeled by Klaveness Combination Carriers (KCC) into three (3) CABU-type new buildings at Jiangsu New Yangzi Shipyard. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 6-September-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) and Copenhagen-based shipowner and operator Lauritzen Bulkers collaboratively venture to assess the efficacy of the Market Manager data instrument. Michael Jorgensen presides as the chief of dry bulk for Torvald Klaveness. The eminent Norwegian shipowner, Torvald Klaveness, has disclosed the esteemed Danish ship operator, Lauritzen Bulkers, as the inaugural named beneficiary of their sophisticated decision-making application, Market Manager. Furthermore, CEO Engebret Dahm-led shipowner and operator Torvald Klaveness has announced their undertaking in appraising their Market Manager instrument in conjunction with Lauritzen Bulkers, who emerges as the first publicized client of this data-centric decision-making software. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 29-August-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) inaugurates its office in Dubai, aiming to further penetrate the Asian and African markets. Klaveness Combination Carriers (KCC) emphasizes the significance of a commercial foothold in this pivotal regional nexus. The Norway-based, Oslo-listed Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC), which operates versatile CABU-type and CLEANBU-type Combination Carriers which are designed for both oil and dry bulk transport. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). CEO Engebret Dahm-led shipowner and operator KCC (Klaveness Combination Carriers) believes that a strategic presence in the Middle East underpins KCC’s unwavering dedication to offering unparalleled services to its clientele across variegated global markets and temporal dimensions. Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 21-August-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owned CABU-type Combination Carriers’ rates ascend while CLEANBU-type Combination Carriers’ rates plummet as tanker trades decline. The Norwegian conglomerate’s ship ownership division, Klaveness Combination Carriers (KCC), has unveiled a divergent outlook for its maritime fleet in the Q2 2023. The earnings of its CABU-type Combination Carriers, responsible for transporting dry bulk and caustic soda, showed improvement. However, the CLEANBU-type Combination Carriers, which handles dry bulk and oil products, experienced a substantial decline until the end of June 2023. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 13-July-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has unveiled the company’s emission reduction targets in conjunction with sustainable financing. The Oslo-listed CEO Engebret Dahm-led shipowner and operator KCC (Klaveness Combination Carriers) aims to achieve a remarkable 46% reduction in carbon intensity by 2030, supported by a $190 million debt agreement. In its pursuit of this ambitious goal, KCC (Klaveness Combination Carriers) has taken concrete steps. The publicly listed shipowner KCC (Klaveness Combination Carriers) introduced a 5-year sustainability-linked debt facility worth $190 million, outlining the operational framework that will guide the company’s efforts. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers’ (KCC) ultimate objective is to minimize its CO2 emissions per metric ton of cargo transported per nautical mile. By the conclusion of 2026, the target is to achieve 5.3 emissions per metric ton, which will further be reduced to 4.1 emissions per metric ton by the end of 2030. Klaveness Ship Management A/S manages all the fleet of Klaveness Combination Carriers (KCC). Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 30-June-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has finalized a contract for the construction of three (3) CABU-type vessels in China. The Oslo-listed CEO Engebret Dahm-led shipowner and operator KCC (Klaveness Combination Carriers), boasting eight (8) CABU-type and eight (8) CLEANBU-type combination carriers, has reached a shipbuilding agreement with Jiangsu New Yangzi Shipbuilding. Klaveness Combination Carriers (KCC) will pay around $60 million per vessel. Delivery is scheduled for 2026, and the equity portion of the investment is entirely funded. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) stated that these vessels will position the company to accommodate the anticipated surge in caustic soda import volumes to Australia, while also attaining its goal of reducing carbon intensity by 45% by 2030 in comparison to its 2018 performance. When compared to the earlier CABU-type vessels constructed in 2001 and 2002, the newbuild replacements are projected to achieve a 25 to 30% higher earnings capacity and approximately 35% reduced CO2 emissions due to enhanced cargo carrying capacity and reduced fuel consumption. 27-June-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has announced a new decarbonisation plan to 2030 and beyond after admitting the process invariably takes longer than expected. Covid-19 and war delays CEO Engebret Dahm-led shipowner and operator KCC’s (Klaveness Combination Carriers) emission cuts but ambitious new targets set. Furthermore, the Oslo Stock Exchange-listed Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) also recommends the IMO (International Maritime Organization) to get its act together. In February 2020, Klaveness Combination Carriers (KCC) last laid out emissions-reduction targets. Klaveness Combination Carriers (KCC) owns and operates CABU-type and CLEANBU-type Combination Carriers that can carry both dry bulk and liquid cargo. However, significant global events have since intervened, slowing progress for the Klaveness Combination Carriers (KCC). Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 3-April-2023

 

Norwegian shipowner and operator Torvald Klaveness reported the strongest operating result for more than a decade. CEO Ernst Meyer-led Norwegian shipowner and operator Torvald Klaveness stated that the company will focus on bulker and combination carrier operations under the operations of subsidiary Klaveness Combination Carriers (KCC). Oslo-based shipowner and operator Torvald Klaveness reported Ebitda of $116 million at the end of 2022. Torvald Klaveness reported net profit of $65 million at the end of 2022. Torvald Klaveness reported revenue of $551 million at the end of 2022. In 2022 Norwegian shipowner and operator Torvald Klaveness’s net profit was up from continuing operations. 24-March-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) increases tanker exposure as caustic soda freight rates skyrocket. CEO Engebret Dahm-led Oslo-based Klaveness Combined Carriers (KCC) is fixing more capacity in tanker rather than dry bulk businesses. Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is expecting a big jump in tanker businesses in 2023 for the company’s versatile ships. Klaveness Combination Carriers (KCC) owns and operates CABU-type and CLEANBU-type Combination Carriers that can carry both dry bulk and liquid cargo. Klaveness Combination Carriers (KCC) is taking advantage of strong tankers markets as freights increase. In Q4 2022, TCE (Time Charter Equivalent) earnings for Klaveness Combination Carriers’ (KCC) Cabu caustic soda and dry bulk vessels were $25,800 per day. In Q4 2022, TCE (Time Charter Equivalent) earnings for Klaveness Combination Carriers’ (KCC) Cleanbu oil product/dry cargo ships were $36,800 per day. Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 19-January-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) chartered in 2018 built kamsarmax bulk carrier 81K DWT MV Xing Shun Hai at $16,500 per day. CEO Engebret Dahm-led Oslo-based Klaveness Combined Carriers (KCC) chartered MV Xing Shun Hai from Fortune Ocean Shipping for a year. Klaveness Combination Carriers (KCC) will take delivery of the 2018 built kamsarmax bulk carrier 81K DWT MV Xing Shun Hai on Wednesday in Chiwan, China, and can redeliver MV Xing Shun Hai anywhere in the world. Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 12-January-2023

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has recommended grain shippers work with shipowners to make effortlessly achievable emission reductions right now. Klaveness Combination Carriers (KCC) owns and operates CABU-type and CLEANBU-type Combination Carriers that can carry both dry bulk and liquid cargo. CEO Engebret Dahm-led Oslo-based Klaveness Combined Carriers (KCC) believes decarbonization need not all be about increased expenses. Norwegian shipowner and operator Torvald Klaveness’s decarbonization subsidiary company ZeroLab is led by Ingrid Kylstad. Oslo-based shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) stated that the climate change requires insight along the entire value chain. According to Klaveness Combination Carriers (KCC), emissions from charterers’ seaborne supply chains commonly belong to the Scope 3 indirect emissions category. Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 26-December-2022

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) acknowledges that operating the company’s ships in both wet and dry trades is the best strategy. Klaveness Combination Carriers (KCC) owns and operates CABU-type and CLEANBU-type Combination Carriers that can carry both dry bulk and liquid cargo. CEO Engebret Dahm-led Oslo-based Klaveness Combined Carriers (KCC) clarifies that combination trades are usually more efficient particularly when product rates are so buoyant and bulk carrier rates are weaker. Klaveness Combination Carriers (KCC) CABU-type vessels can carry wet and dry cargoes. Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 8-November-2022

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has very good momentum, concerning increasing customers and expanding freight. Oslo-based Klaveness Combined Carriers (KCC) anticipates solid contract rate rises after winning over doubters. Klaveness Combination Carriers (KCC) CABU-type vessels can carry wet and dry cargoes. Klaveness Combination Carriers (KCC) CABU-type vessels will emit 30% less CO2 than traditional tankers and bulk carriers. Klaveness Combination Carriers (KCC) aims to increase tanker cargo exposure. CABU-type shipowner and operator Klaveness Combination Carriers (KCC) expects profitable contract rises for caustic soda trades. In 2021, Klaveness Combination Carriers (KCC) negotiated the caustic soda contracts, the spot market was below $10,000 per day and time charters for the next 12 months were around $12,000. Currently, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU-type and eight (8) CLEANBU-type Combination Carriers, which can carry both dry bulk and liquid cargoes. 29-August-2022

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) reported record profit as dry bulk freight rates increased 40%. Klaveness Combination Carriers (KCC) owns and operates CABU-type and CLEANBU-type Combination Carriers that can carry both dry bulk and liquid cargoes. Oslo-based Klaveness Combined Carriers (KCC) expects another best-ever earnings figure in Q3 2022. Klaveness Combination Carriers (KCC) CABU-type vessels can carry wet and dry cargoes. Klaveness Combination Carriers (KCC) CABU-type vessels will emit 30% less CO2 than traditional tankers and bulk carriers. Klaveness Combination Carriers (KCC) reported the company’s best-ever quarterly earnings as product tanker freight rates increased. The Oslo-based Klaveness Combination Carriers (KCC) owns and operates vessels that carry both oil products and dry cargo. In Q2 2022, Klaveness Combination Carriers (KCC) reported that the average fleet time charter equivalent (TCE) earnings were $30,235 per day, the highest level since 2011. The Oslo-based Klaveness Combination Carriers (KCC) anticipates that Q3 would be even better, with six (6) new oil product clients having been added so far in 2022 for the CLEANBU-type ships. 27-August-2022

 

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) was given an A grade for the company’s latest sustainability record. The Governance Group (TGG) announced Klaveness Combination Carriers (KCC) had provided a good representation of material problems and relevant results, with a clear policy and specific, quantifiable objectives. The Governance Group (TGG) awarded Klaveness Combination Carriers (KCC) for best reporting in line with best practice. Environmental, Social, and Corporate Governance (ESG) are at the core of Klaveness Combination Carriers (KCC). Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has high goals to enhance the company’s Environmental, Social, and Corporate Governance (ESG) performance. Klaveness Combination Carriers (KCC) will proceed to develop the company’s credibility and transparency in reporting going forward. Klaveness Combination Carriers (KCC) projects to invest more funds in developing the ships’ energy efficiency and more immeasurable operational methods, including more reliable speed and routing management. Currently, Klaveness Combination Carriers (KCC) owns and operates nine (9) CABU and eight (8) CLEANBU Combination Carriers, which can carry both dry bulk and liquid cargoes. 13-October-2021

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) controlled 2019 built combination carrier 82K DWT MV Barramundi finished its second lifting lithium concentrate (spodumene) from Western Australia to China. Klaveness Combination Carriers (KCC) controlled MV Barramundi had completed the first cargo in February 2021. Klaveness Combination Carriers (KCC) is now planning a back-haul cargo as caustic soda into Australia. Klaveness Combination Carriers (KCC) CEBU type vessels can carry wet and dry cargoes. Klaveness Combination Carriers (KCC) CABU-type vessels will emit 30% less CO2 than traditional tankers and bulk carriers. According to Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC), decarbonization is the significant challenge of the century for the shipping industry. Klaveness Combination Carriers (KCC) is planning to scrap some of its vintage vessels in near future. 17-April-2021

 

Norwegian shipowner and operator Torvald Klaveness’ subsidiary Klaveness Combination Carriers (KCC) buys back bonds ahead of maturity in May 2021 for $14.6 million. Oslo-based Klaveness Combined Carriers (KCC) exercised its call option to redeem the bond. Originally, in December 2016, Klaveness Combination Carriers’ (KCC) majority shareholder Klaveness Ship Holding issued bonds of $32 million. In January 2020, Klaveness Combination Carriers (KCC) issued a new NOK 500 million senior unsecured bond that will mature in February 2025. In September 2020, Klaveness Combination Carriers (KCC) issued another NOK 200 million bonds. In July 2020, Klaveness Combination Carriers (KCC) borrowed $60 million to finance two extra Cleanbu new-buildings. Norwegian shipowner and operator Torvald Klaveness’ goal is to be carbon neutral by 2030. 15-October-2020

 

Oslo-based Klaveness Combined Carriers (KCC) strives to take delivery of new ships from the shipyard in China due to the coronavirus pandemic. In the first week of August, Jiangsu New Yangzijiang Shipbuilding delivered Cleanbu type vessel 83K DWT MV Baleen to Klaveness Combination Carriers (KCC). However, due to current coronavirus pandemic restrictions in China, Klaveness Combination Carriers (KCC) can not bring crew members to take delivery of MV Baleen at the shipyard. Klaveness Combination Carriers (KCC) has organized temporary Chinese crew members to steam the MV Baleen to South Korea to embark on crew members. MV Baleen is presumed to maiden voyage at the end of September 2020. MV Baleen is the fourth Cleanbu type vessel that was ordered and another four subsequent Cleanbu type vessels are anticipated to be delivered at the beginning of 2021. In Q2 2020, Klaveness Combination Carriers (KCC) reported a net profit of $8.3 million. In Q2 2020, Klaveness Combination Carriers (KCC) reported revenue of $25.5 million. Klaveness Combination Carriers (KCC) controlled CABU-type ships generated earnings of $21,290 per day. Oslo-ilsted Klaveness Combination Carriers (KCC) is paying a dividend of $0.03 per share. Despite the weak markets due to the coronavirus recession, Klaveness Combination Carriers (KCC) earnings outlook for the remaining part of 2020 is positive. Klaveness Combination Carriers (KCC) is supported by a secured contract of affreightment (CoA) contracts. 16-August-2020

 

Oslo-based Klaveness Combined Carriers (KCC) determined not to declare any of its 4 options for new CLEANBU-type ships at Jiangsu New Yangzijiang Shipbuilding in China. Cleanbu ship types are capable of shipping oil and dry bulk cargoes. Klaveness Combined Carriers (KCC) has switched their projects due to coronavirus recession. Klaveness Combined Carriers (KCC) has taken delivery of three (3) CLEANBU-type ship already, and has 5 more on order. In Q1 2020, Klaveness Combined Carriers (KCC) earned average freight rates of $28K from CLEANBU-type ships. 28-May-2020

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) commences work on zero-emissions ship design. The Oslo-listed CEO Engebret Dahm-led shipowner and operator KCC (Klaveness Combination Carriers) has announced its involvement in devising a blueprint for its inaugural zero-emissions vessel. KCC (Klaveness Combination Carriers) aims to construct and secure a new building of this nature by 2030. This initiative forms part of Klaveness Combination Carriers’ (KCC) long-term strategy to progressively replace its existing fleet with innovative ships by 2050, effectively transitioning to a zero-emissions operation. Engebret Dahm, the Chief Executive, revealed that KCC has collaborated with its parent company, Torvald Klaveness. Klaveness Combination Carriers (KCC) has established a working group comprising both internal and external specialists, aiming to amalgamate their expertise.
Klaveness Combination Carriers (KCC) is currently assessing all facets pertaining to the physical and environmental characteristics, as well as the suitability of potential zero-emission fuel varieties. Klaveness Combination Carriers (KCC) highlighted that ammonia possesses a higher energy density than hydrogen, resulting in less space occupancy within their vessels. However, as of now, ammonia is generated using fossil fuels and will only be a viable zero-emission alternative when produced using renewable, emission-free energy sources. In terms of liquefied natural gas (LNG), Klaveness Combination Carriers (KCC) stated that it would merely reduce greenhouse gas emissions by an estimated 15% in comparison to conventional fuel oil. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) involves adapting their vessel designs to enable optimal utilization and management of the most promising fuel types applicable to their present and future trade operations. This endeavor is likely to encompass alternative designs and crucial parameters aimed at overcoming potential challenges associated with the newly introduced bunkers. Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has ambitiously set a goal to achieve a 40% reduction in emissions in accordance with the International Maritime Organization’s (IMO) target by 2022. This achievement would surpass the 2030 decarbonization deadline by eight years. Klaveness Combination Carriers (KCC) fleet possesses the versatility to transport both wet and dry cargoes, operating in both the tanker and bulker markets. Klaveness Combination Carriers’ (KCC) approach minimizes ballast to less than 10% and enables the vessels to achieve between 30% and 40% lower CO2 emissions per tonne mile transported, consequently leading to higher profitability in comparison to conventional ships. 12-February-2020

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) endeavors to fulfill the International Maritime Organization’s (IMO) emissions target by 2022, demonstrating the company’s ambition to outpace the 40% reduction deadline by eight years for its combination carriers. Klaveness Combination Carriers (KCC) has set an audacious objective of achieving the International Maritime Organization’s (IMO) 40% emissions reduction target by 2022, surpassing the decarbonization deadline of 2030 by eight years. The International Maritime Organization (IMO) has established a target of a 50% reduction by 2050.
Although demanding, the endeavor presents opportunities Klaveness Combination Carriers (KCC) acknowledges that these targets are likely to result in increased costs for shipowners and clients alike. However, Klaveness Combination Carriers (KCC) believe that this challenge also creates new prospects for owners capable of swiftly repositioning their businesses. Klaveness Combination Carriers (KCC) perceives the necessary transition toward a low-carbon shipping industry as an opening for new business opportunities. Klaveness Combination Carriers (KCC) firmly believe that sustainable operations not only benefit the environment but also have a positive impact on our financial performance. Moreover, the Klaveness Combination Carriers (KCC) aspires to achieve carbon-neutral operations before 2030. To achieve its objectives, Klaveness Combination Carriers (KCC) aims to enhance both energy and operational efficiency, utilize biofuels, and, if necessary, employ carbon offsetting measures. Simultaneously, the Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) plans to continuously test and implement new technologies across its fleet, with the goal of developing and commissioning its inaugural zero-emission vessel by 2030. Klaveness Combination Carriers’ (KCC) fleet possesses the capacity to transport both wet and dry cargoes, serving the tanker and bulker markets. This approach significantly reduces ballast to less than 10% and enables the vessels to achieve 30% to 40% lower CO2 emissions per transported ton-mile, leading to higher earnings compared to standard ships. Klaveness Combination Carriers (KCC) elucidated that a conventional kamsarmax dry bulk vessel, which transports grains from South America to Asia, remains empty up to 45% of the time. Klaveness Combination Carriers (KCC) emphasized the necessity for enhanced transparency and improved communication within the industry concerning decarbonization. The shipping industry has previously devised innovative solutions, and Klaveness Combination Carriers (KCC) firmly believes that both the industry and Klaveness Combination Carriers (KCC) will rise to the challenge once again. However, immediate action is imperative. Regarding biofuels, Klaveness Combination Carriers (KCC) recognizes their potential for widespread utilization but emphasizes the need for substantial global supply augmentation. Klaveness Combination Carriers (KCC) also expressed its intention to retrofit existing vessels with state-of-the-art technology. 10-February-2020

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) endeavors to enhance its fleet of pool ships while downsizing supramax operations. The Norwegian shipowner Klaveness Combination Carriers (KCC) is engaged in discussions with third parties, emphasizing panamax and post-panamax bulk carriers. Klaveness Combination Carriers (KCC) plans to reduce its involvement in supramax bulk carriers as it envisions a twofold increase in its pool fleets. Under its Klaveness Chartering division, the Klaveness Combination Carriers (KCC) manages vessels that specialize in panamax bulk carriers, kamsarmax bulk carriers, and post-panamax bulk carriers. Oslo-based Klaveness Combination Carriers (KCC) stated that significant synergies exist between this undertaking and the rest of the group. Klaveness Combination Carriers targets dry bulk as one of its markets, while Klaveness Digital, through its CargoValue platform, facilitates the sourcing and shipping of dry and wet raw materials for companies. To foster the growth and advancement of this business, Klaveness Combination Carriers (KCC) will prioritize the panamax to the post-panamax sector, primarily through its offices in Singapore, Dubai, and Oslo. As a result, Klaveness Chartering will diminish its activities in the supramax segment. Currently, CEO Lasse Kristoffersen-led Klaveness Combined Carriers (KCC) owns and operates 12 panamax/kamsarmax combination carriers with complete dry bulk capacity, and an additional five carriers are anticipated in 2020 and 2021. Norwegian shipowner and operator Torvald Klaveness handles commercial ship management for other shipowners through Baumarine. Torvald Klaveness administers the Baumarine and Bulkhandling pools. At present, Klaveness Combination Carriers (KCC) has approximately 25 vessels in the pools and aims to double this number through partnerships. Klaveness Combination Carriers (KCC) firmly believe that forging close partnerships with other leading players will enable the company to deliver an even superior product to more shipowners in the future. During the summer, Norwegian shipowner and operator Torvald Klaveness withdrew from chartering activities in China. Norwegian shipowner and operator Torvald Klaveness announced that its Shanghai office, inaugurated 16 years ago, would now solely focus on operations. 11-November-2019

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers’ (KCC) combination carriers surpass conventional product tankers According to the Klaveness Combination Carriers (KCC), its exceptional vessels achieved rates 1.7 times higher than LR1s and MRs. Klaveness Combination Carriers (KCC) has reported that its extraordinary vessels achieved superior rates compared to standard product tankers by the conclusion of Q3. Currently, Klaveness Combination Carriers (KCC) possesses nine (9) CABU-type and three CLEANBU-type vessels, which transport bulk cargoes but are also capable of carrying caustic soda solutions and clean oil cargoes, respectively. CLEANBU-type vessels’ earnings concluded the Q3 at $22,802 per day, 1.7 times the market earnings of standard LR1 tankers, while the CABU-type vessels’ earnings reached $17,287 per day, 1.7 times that of regular MR tankers. Oslo-based shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) is delighted to report significant TCE earnings improvements in Q3, with both CABU-type and CLEANBU-type vessels earning 1.7 times the earnings of comparable standard tanker ships. 7-November-2019

 

Norwegian shipowner and operator Torvald Klaveness and mining behemoth BHP have joined forces to unveil a novel digital maritime platform aimed at enhancing the exchange of information. Mining behemoth BHP’s esteemed team specializing in maritime and supply chain excellence, in collaboration with Torvald Klaveness’ technological division Klaveness Digital, is actively working on the development of the CargoValue system for vessels and logistics. Real-time access to scheduling and shipping information will empower users to calculate its impact on their inventory and production. The revolutionary CargoValue solution, crafted by Klaveness Digital, offers a secure means of sharing cargo and vessel information with the company’s esteemed global clientele, revolutionizing the company’s interaction with its clients. Mining behemoth BHP has extended an invitation to a prominent global steel producer to partake in a trial of the platform, providing live updates on unforeseen deviations to the schedule. This enables the producer to better anticipate inventory, manage safety buffers, and streamline production. Solutions like CargoValue will facilitate seamless, real-time collaboration among stakeholders, including suppliers, agents, brokers, and various transportation modes. 1-October-2019

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has rescheduled the declaration and delivery dates for six optional CLEANBU-type vessels under construction in China. Oslo-based Klaveness Combination Carriers (KCC) has eight (8) confirmed oil/bulk carriers currently being constructed at Jiangsu New Yangzi Shipbuilding. The declaration of the six (6) optional CLEANBU-type vessels can now occur between February of the following year and January 2021. CLEANBU-type vessels are expected to be delivered between September 2021 and November 2022. Prior to the new option agreement, Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) had four remaining options, of which two are expiring next week, while the other two are set to expire by the end of December this year. In August, Klaveness Combination Carriers (KCC) successfully executed its first transition from wet to dry cargo using a CLEANBU-type vessel. CLEANBU-type vessel MV Baru, weighing 82K DWT (deadweight tons) and built-in 2019, transported a complete cargo of petroleum products from India to Argentina. Following the unloading process, CLEANBU-type vessel MV Baru underwent cleaning and conversion from an LR1 tanker mode to dry bulk mode, serving as a kamsarmax vessel for loading grain. Earlier this year, Klaveness Combination Carriers (KCC) postponed the delivery of its second and third CLEANBU-type vessels to incorporate efficiency enhancements. However, Klaveness Combination Carriers (KCC) has now taken possession of these units. The handover of the first CLEANBU-type vessel MV Baru was also delayed as Klaveness Combination Carriers (KCC) aimed to optimize its deployment. The remaining five CLEANBU-type vessels are scheduled for delivery between February 2020 and February 2021. 23-September-2019

 

Norwegian shipowner and operator Torvald Klaveness CEO Lasse Kristoffersen is urging the maritime industry to revive funding schemes in order to accomplish its objectives of carbon reduction. Lasse Kristoffersen, who holds positions as the President of the Norwegian Shipowners’ Association and Vice President of the International Chamber of Shipping, emphasized that such initiatives could serve as the “ultimate conduit” to finance the necessary technological advancements for transitioning the industry to an era of carbon-neutral shipping. Norwegian shipowner and operator Torvald Klaveness CEO Lasse Kristoffersen’s statements coincide with the apparent postponement of market-based mechanisms by the International Maritime Organization (IMO), as they strive to devise short-term technical solutions for mitigating carbon emissions. According to Norwegian shipowner and operator Torvald Klaveness CEO Lasse Kristoffersen, the shipping sector heavily relies on hydrocarbons due to their cost-effectiveness and high energy content. Nevertheless, the presence of carbon necessitates the imposition of a price on it. Oslo-based shipowner and operator Torvald Klaveness CEO Lasse Kristoffersen asserted that shipowners should not bear the additional charges, as the shipping business model revolves around transferring the fuel costs to its customers. CEO Lasse Kristoffersen proposed that the global fund could be allocated to finance research and technology essential for the shipping industry to align with the carbon emissions reduction targets outlined in the Paris Agreement on climate change. To achieve this, the scheme could be structured similarly to Norway’s NOx fund system, which presently supports owners and operators in meeting local emissions reduction targets within coastal shipping. Moreover, the additional costs would incentivize shipowners to transition to greener and carbon-free fuels. However, to initiate the scheme, Torvald Klaveness CEO Lasse Kristoffersen proposed the introduction of an initial low carbon price, even as low as $1 per tonne, as it would still generate a substantial fund. Torvald Klaveness CEO Lasse Kristoffersen emphasized that the United Nations Framework Convention on Climate Change’s principle of common but differentiated responsibility, which excludes developing nations from carbon reduction initiatives, cannot be applied to the shipping industry. According to Lasse Kristoffersen, this principle does not apply to shipping due to its global nature. Furthermore, Torvald Klaveness CEO Lasse Kristoffersen cautioned that the International Maritime Organization (IMO) targets are likely to become more stringent in the years ahead, reflecting the growing environmental concerns of society. Regarding green funding, Torvald Klaveness CEO Lasse Kristoffersen noted that while banks are displaying a greater interest, they may not be able to provide the necessary levels of financing for research and development required to achieve the International Maritime Organization’s (IMO) targets. 9-September-2019

 

Since May 2019, Oslo-based Klaveness Combined Carriers (KCC) has been listed on Oslo Axess and the company has not been hurrying to be thoroughly listed on the Oslo Stock Exchange (OSE). CEO Lasse Kristoffersen led Klaveness Combined Carriers (KCC) has been receiving support from shareholders on Oslo Axess. Currently, Klaveness Combined Carriers’ shareholders:

  • 54% Klaveness Ship Holding
  • 18% EGD Shipholding
  • 5% Hundred Roses Corporation (Hong Kong)

Klaveness Combined Carriers’ first ship completed the switch from wet to dry in Argentina. MV Baru unloaded petroleum products in Argentina, later on, performed the washing and translation from tanker mode to dry bulk mode for loading grain. Currently, Klaveness Combined Carriers has a fleet of two (2) so-called Cleanbu combined carriers which can shift from wet to dry. Six (6) Cleanbu combined carriers will be delivered from Jiangsu New Yangzi Shipbuilding till Q1 2021. Currently traded 2019 built 83K DWT Cleanbu type MV Baru and MV Barracuda cost $48 million each. Klaveness Combined Carriers’ Cleanbu type ships can collect more freight than conventional ships. Klaveness Combined Carriers (KCC) has reported net revenue of $12 million in the Q2 2019. Klaveness Combined Carriers (KCC) anticipates significantly improved earnings both from the dry and wet markets in the near future. 2-September-2019

 

Klaveness Combination Carriers (KCC) controlled 2019 built 82K DWT MV Baru has performed switch from wet cargo to dry cargo. MV Baru transported petroleum products from India to Argentina. MV Baru discharged petroleum products in Argentina, later on, performed the washing and translation from tanker mode to dry bulk mode for loading grain. Klaveness Combination Carriers’ groundbreaking shift from tanker to bulk carrier mode decreases emissions and ballast time. Currently, MV Baru is en-route to Asia. In Argentina loading port, MV Baru passed all the stringent cleaning inspections. According to Klaveness Combination Carriers, CLEANBU type ships supplement practical trading with minimum ballast time, notable savings in fuel consumption, and emissions. According to Klaveness Combination Carriers calculations, CLEANBU type ship fuel savings are around 1,200 metric tonnes of bunkers. Currently, Klaveness Combination Carriers’ CLEANBU fleet consists of two (2) ships. 27-August-2019

 

Norwegian shipowner and operator Torvald Klaveness has withdrawn from chartering services in China. Torvald Klaveness’s Shanghai office will concentrate on operations and newbuilding supervision. Torvald Klaveness opened the Shanghai office in 2003. There will be no chartering staff at Torvald Klaveness’s Shanghai office. Torvald Klaveness determined to maintain the Chinese chartering market from the Singapore office. The operations department and new-building team will be serving at Torvald Klaveness’s Shanghai office. Torvald Klaveness’s new-building team will be controlling 7 new-building Cleanbu Combination Carriers for spin-off Klaveness Combination Carriers (KCC). 2-July-2019

 

China State Shipbuilding Corporation’s (CSSC) sister company Chengxi Shipyard accepted to pay $875K to the Norwegian ship owner and operator Torvald Klaveness in a London arbitration over deficiencies in a bulker carrier. Chengxi Shipyard would be remunerating the Torvald Klaveness for deficiencies associated with 2013 built 71K DWT self-unloader MV CSL Tarantau (ex MV Balto). In November 2015, MV CSL Tarantau (ex MV Balto) was sold to Canadian owner Canada Steamship Lines (CSL). In 2016, Norwegian ship owner and operator Torvald Klaveness inaugurated the arbitration procedure in London. Torvald Klaveness demanded compensations for deficiencies. All disputes in the London arbitration were suitably compensated. 27-June-2019

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has received approval from Oslo Bors to include its securities on the Oslo Axess market within the upcoming six weeks. As per the filing on Monday, the listing should commence no later than the 5th of July this year. Before the first day of listing, Klaveness Combination Carriers (KCC) needs to meet the listing requirements set by Oslo Axess, according to the filing. In January, Klaveness Combination Carriers’ (KCC) board was authorized during a general meeting to issue new stock valued at $2.34 million in conjunction with the initial public offering. 19-May-2019

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has advanced its Oslo initial public offering (IPO) by enlisting advisors. ABG Sundal Collier, Clarksons Platou Securities, and SEB Corporate Finance have been engaged in relation to the listing. Klaveness Combination Carriers (KCC) stated that, as part of the planned listing, expected to occur in 2019, the company may raise additional capital to support further investments in combination carriers. During January, a shareholders’ meeting granted the board the authority to sell new shares valued at $2.34 million in connection with the initial public offering (IPO). Oslo-based shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) has also converted into a publicly traded entity and expressed its intention to welcome new investors to join its ranks. 11-March-2019

 

Norwegian shipowner and operator Torvald Klaveness’s subsidiary Klaveness Combination Carriers (KCC) announced 5 options for combination carriers in Chinese shipyard Jiangsu Yangzi Shipbuilding. Klaveness Combination Carriers (KCC) emphasized that new-building combination carriers can transport wet and dry bulk. CLEANBU type new ships will improve fuel savings. Klaveness Combination Carriers (KCC) noticed that CLEANBU type new ships are environmentally friendly ships. Klaveness Ship Holding owns 70% of the Klaveness Combination Carriers (KCC). 2-July-2018

 

Norwegian shipowner and operator Klaveness Ship Holding reported a $133K profit in Q2 2017. In 2017, Klaveness Ship Holding strengthened its balance sheet. Currently, Norwegian shipowner and operator Klaveness Ship Holding has a pool with 9 CABU ships. Klaveness Ship Holding also owns and operates 8 container ships between. 9-February-2018

 

Norwegian shipowner and operator Torvald Klaveness appointed Liv Dyrnes as new CFO (Chief Financial Officer) effective on 15 February 2017. Norwegian shipowner and operator Torvald Klaveness announced that Liv Dyrnes has been working with Torvald Klaveness for many years and has a robust perception of the business. 19-December-2016