Klaveness Combination Carriers raises $45m for newbuilds

Klaveness Combination Carriers raises $45m for newbuilds

Klaveness Combination Carriers has raised $45m via a private placement, funds which will be used to partly finance two vessels under construction at China’s Jiangsu New Yangzi.

Major shareholder Klaveness Ship Holding invested $3.6m in the private placement, taking its ownership of the company to 63%.

Lasse Kristoffersen, chairman of KCC and CEO of Torvald Klaveness, commented: “KCC has through this transaction taken a significant step towards growing the company and its new combination carrier service in the CPP market. Further, following the new, wide investor base, the company is well set up for potential future fund raising and eventual listing on the Oslo Stock Exchange.”

Klaveness Combination Carriers was launched by Torvald Klaveness in April with plans to have a 13-strong fleet by 2020.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts