Option for sixth combination carrier newbuild declared

KCC: Oslo, 19 November 2018: Klaveness Combination Carriers (“KCC”) has declared an option for the construction of a sixth combination carrier, CLEANBU, with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for fourth quarter 2020. The construction of the five sister vessels is progressing in line with schedule and the first vessel will be delivered in December 2018/January 2019. Following the declaration, the KCC fleet will grow to 15 vessels by the end of 2020. The company holds options for further vessels.

"We are very happy to grow the CLEANBU fleet further and believe we are well positioned to capitalize on the improving product tanker and dry bulk markets. Following the equity raise this fall, the sixth vessel is fully funded in terms of equity", says Lasse Kristoffersen, Chairman of the Board of Klaveness Combination Carriers.

For more information please contact:

Engebret Dahm, Manging Director Klaveness Combination Carriers AS +47 2252 6262

Lasse Kristoffersen, Chairman of the Board Klaveness Combination Carriers AS +47 2252 6238

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