Klaveness seals JV with EGD for combination carrier pair

Klaveness seals JV with EGD for combination carrier pair

Shipping investment firm EGD Shipholding has agreed to partner with Klaveness to take 50% ownership of two 80,500 dwt combination carriers under construction at Ouhua Shipbuilding in China.

The vessels are scheduled for delivery in November 2016 and January 2017, and on delivery the vessels will be employed in the Klaveness combination carrier pool.

Lasse Kristoffersen, CEO of Torvald Klaveness, commented: “This co-operation is a continuation of our long tradition of investing together with partners. We are very pleased to invest together with EGD. The companies are a good fit, as both are family owned with a long history in industrial shipping. The partnership is in line with our strategy to invest in specialized vessels and increase the scale of our combination carrier concept.”

The two firms have flagged the idea of possible further co-investments.

Klaveness currently has a fleet of six combination carriers, which primarily trade between the Arabian Gulf/North Asia and Australia, primarily carrying caustic soda solution, alumina, iron ore, salt and bauxite.

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