KCC Signs A New Contract of Affreightment

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  • Klaveness Combination Carriers ASA(“KCC”) has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market.
  • The contract for shipment of clean petroleum products (CPP) has a duration of one to three years commencing in Q3-2021 covering 1-1.5 vessel years tanker capacity during this period.

A recent news article published in the Market Screener says that KCC signs a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market.

KCC’s CEO Engebret Dahm

KCC’s CEO Engebret Dahm says, “This contract marks an important milestone for
our CLEANBU business reflecting a growing tanker market acceptance of the
CPP/dry bulk combination trading of our CLEANBU vessels and an embrace of the
CLEANBUs’ capability to reduce inefficiencies and cut carbon emission. The
contract supports the expansion of the CLEANBU combination trading patterns and
provide the customer with a 30-40% lower carbon footprint of its ocean freight
compared to similar sized standard tanker vessels.”

For further queries, please contact: Engebret Dahm, CEO, telephone +47 957 46
851.

About Klaveness Combination Carriers ASA

KCC is the world leader in combination carriers, owning and operating nine CABU
and eight CLEANBU combination carriers.

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.

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Source: Market Screener