Torvald Klaveness has exited the self-unloading bulker sector, selling five ships to a pair of Canadian companies.
CSL will take two ships, Algoma another two and the final one will be jointly owned by both Canadian companies. All five ships have been sold for a total of $190m. The transaction should be completed in the first quarter next year.
Lasse Kristoffersen, ceo of Torvald Klaveness, commented: “With this transaction we will free up significant investment capacity that we can use to realise projects we have been working on.”