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Torvald Klaveness quits self-unloading bulker sector with $190m sale

Photo of Sam Chambers Sam ChambersNovember 10, 2015
19 Less than a minute

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.”

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Photo of Sam Chambers Sam ChambersNovember 10, 2015
19 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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