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
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) 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