Klaveness Combination Carriers ASA

08/02/2021 | Press release | Distributed by Public on 08/02/2021 02:13

KCC: A subsidiary of KCC has signed a new Contract of Affreightment for its CLEANBU fleet with a major international charterer in the tanker market

Oslo, 2 August 2021: A subsidiary of 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. 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.