Klaveness Combination Carriers profits from a booming dry bulk market whilst delivering a substantially lower carbon footprint than standard dry bulk vessels
The MV Baru
Head of Klaveness Research, Peter Lindstrøm shares his views on the main drivers of the current booming dry bulk market and why the dry bulk outlook is at a new peak, since the China boom.
KCC, having around 65% of its capacity in the dry bulk market in the second quarter of 2021, greatly benefits from the current strong dry bulk market.
KCC has consistently outperformed panamax dry bulk TCE-earnings by an average of two since 2015 with a 30-40% lower carbon emission than standard vessels in its main trades. In Q2-2021 KCC looks set to deliver TCE-earnings in line with the dry bulk market and in the upper range of the guiding for the quarter.
With the dry bulk FFA market currently pricing second half of 2021 at around 50% higher than the first half and with KCC now having the full fleet on water after the delivery of the last newbuild in May, exciting times are ahead for KCC, says CEO Engebret Dahm.
Read the full market analysis by Head of Klaveness Research Peter Lindström here
