KCC Successfully Completes a NOK 213m Equity Private Placement to Fund Decarbonization Initiatives
Oslo, 4 November 2021: 3rd of November 2021 Klaveness Combination Carriers ASA (“KCC”) successfully completed an equity private placement with gross proceeds of NOK 213m to fund energy efficiency initiatives on its current fleet. The program shall deliver significant cuts in carbon emission and further strengthen KCC' position as a leader in low carbon shipping.
"Through its energy efficiency program, KCC is positioning for a future of increasingly strict decarbonization regulations and customer requirements in the shipping industry. KCC’s energy efficiency initiatives shall deliver sizeable cuts in carbon emissions over the next few years and strengthen KCC’s position as a provider of the lowest carbon shipping solution in the tanker and dry bulk market,” commented CEO Engebret Dahm.
As the first equity issue in shipping dedicated to investments improving the energy efficiency of an existing fleet, the raised funds will be invested in measures being profitable at current fuel prices, with an upside potential once future shipping decarbonization regulations kick in,” added Dahm.
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating nine CABU and eight CLEANBU vessels. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.
For further queries, please contact:
Engebret Dahm, CEO
Telephone +47 957 46 851
Liv Dyrnes, CFO
Telephone +47 976 60 561
