Klaveness Combination Carriers

Regulatory Filings • Dec 15, 2015

Klaveness orders more specialized vessels

Klaveness orders more specialized vessels

Klaveness, through a wholly owned subsidiary of

Klaveness Ship Holding AS, has entered into a contract

with Jiangsu New Yangzi Shipbuilding Co., Ltd in China

for an order of three 83,500 DWT combination carriers.

The vessels will be delivered during the second half

of 2018. The contract includes options for further

vessels. Klaveness already has three 80,500 DWT

combination carriers under construction at Zhejiang

OuHua Shipbuilding Co. Ltd. in China which will be

delivered late 2016 and early 2017, and operates a

fleet of six combination carriers in the Pacific and

Atlantic Oceans.

The deal with Jiangsu New Yangzi Shipbuilding Co.,

Ltd. includes cancellation of the second of two 82,000

DWT Kamsarmax vessels under construction at the yard.

The first Kamsarmax vessel will be delivered in

February 2016.

"This transaction is in line with our strategy to

invest in specialized vessels with a substantial value

creation in terms of energy efficiency", says Lasse

Kristoffersen, CEO of Torvald Klaveness.

MOA signed for sale of selfunloader vessels

In November 2015 it was announced that a subsidiary of

Klaveness Ship Holding AS had reached an agreement to

sell its five selfunloading vessels. All parties have

now lifted their subjects and Memorandum of Agreements

have been signed. Closing and transfer of the vessels

to the sellers will take place early in 2016.

For further information please contact:

Lasse Kristoffersen (CEO, Torvald Klaveness) +47

22526238