Klaveness Combination Carriers ASA (KCC) was established in March 2018 through a consolidation of vessel ownership and operation of all Klaveness’ existing combination carrier business. The consolidated entity mainly consists of KCC Shipowning AS established in 1992 and KCC Chartering AS established in 2002.
Klaveness has been an owner and operator of combination carriers since the early 1950s. Over this period Klaveness has developed and refined vessel design and equipment, operational procedures and crew training, to provide our customers with the most efficient, reliable and high quality shipping services.
Klaveness Combination Carrier ASA has a fleet of 12 vessels in operation. The company is in the midst of a fleet expansion program with five vessels on order. In addition, the Company has a number of in-the-money fixed price options for further newbuildings, and is working on other attractive market opportunities.
Unique business model well positioned for growth
The Klaveness combination carriers trade in dedicated trade patterns with consecutive switching between dry and wet cargo shipments with minimum ballast between the laden voyages. We ship tanker cargoes into dry bulk export hubs such as Australia and South America and ship dry bulk cargoes on the return leg.
The efficient trading pattern of the Klaveness combination carriers give:
Higher asset utilization through having two laden legs, which gives a higher number of revenue days compared to standard vessels.
Substantial fuel cost advantage with 40-60% the fuel consumption per ton-mile transported cargo compared to standard dry bulk and tanker vessels.
Reduced emissions per transported ton of cargo, minimizing the environmental footprint of the fleet.
Lower freight costs to our customers compared to the best alternative mode of transportation while at the same time giving our shareholders better earnings and downside protection compared to standard shipping segments.
Long term logistic provider for the alumina and aluminium industry
Our specialized CABU combination carriers service the aluminium and alumina industry transporting caustic soda solution (CSS) to the world’s largest alumina refineries in Australia and Brazil, and alumina to the aluminium smelters. In addition, the CABUs transport a number of other dry bulk commodities such as salt, bauxite, iron ore, grains and coal.
Introducing a new combi service to the petroleum and petrochemical industry
KCC has a new generation of 8 combination carriers (CLEANBUs) under construction at Jiangsu New Yangzi Shipbuilding Co. Ltd. The first vessel was delivered in January 2019. Through this fleet of vessels, KCC will expand its combination carrier transport service include the petroleum and petrochemical industries, starting up in Australia and South America. On the return leg the CLEANBUs will, as the CABUs, transport various dry bulk commodities.
Example of Trading Pattern
Note: For the same round voyage, a standard vessel would typically ballast for 15–20 days, while a combination carrier ballast around 4 days