Klaveness Combination Carriers

Regulatory Filings • Apr 28, 2020

KCC: Extending one of the main caustic soda contracts of affreightment by 12 months

KCC: Extending one of the main caustic soda contracts of affreightment by 12 months

Oslo, 28 April 2020: Klaveness Combination Carriers ASA (“KCC”) has extended one of its main caustic soda contracts of affreightment (COA) by 12 months with commencement 1 July 2020. The COA covers the “wet” capacity of 1-1.5 CABU vessels for the period. KCC’s total fixed-rate tanker market coverage is around 90% for 2nd quarter 2020 and with this COA the coverage increases to around 60% for 2nd half of 2020 and around 20% for 1st half of 2021.

For further queries, please contact:

Engebret Dahm, CEO Telephone +47 22 52 62 62

About Klaveness Combination Carriers ASA:

KCC is the world leader in combination carriers, owning and operating nine CABU and three CLEANBU combination carriers with another five CLEANBU combination carriers on order for scheduled delivery in the period 2020 - 2021. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.