EuropeFinance and Insurance

Klaveness Combination Carriers raises funds for fleet growth

Klaveness Combination Carriers (KCC) is raising $45-70m via a private placement of shares, funds which will be used to add to its fleet.

KCC holds several options for combination carriers at Jiangsu New Yangzi Shipbuilding in China, and the company intends to use the proceeds from the private placement to declare one or more options for the vessels with scheduled deliveries between the third quarter of 2020 and the first quarter of 2021.

Following the transaction, Klaveness Ship Holding (KSH)’s shareholding in KCC will decrease from 77% to 50% although it will remain as the controlling owner of KCC.

KCC currently owns a fleet of nine combination carriers and has another five vessels on order.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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