Klaveness Combination Carriers sells CABU vessel
Published by Sarah Smith,
Assistant Editor
Dry Bulk,
A subsidiary of Klaveness Combination Carriers ASA (KCC) has concluded a sale of the 2001-built CABU vessel, MV Banasol, as a dry bulk vessel.
Second-hand values for older Panamax dry bulk vessels have increased by around 150% to date in 2021, representing an opportunity to sell the oldest vessel in KCC’s fleet and to start preparing for a renewal of the CABU fleet. The vessel is expected to be delivered to the new owner in December 2021. The sale will generate an estimated profit of US$6.5 million and an estimated net cash effect of US$10.6 million, recognised in 4Q21.
“The concluded sale demonstrates attractive second-hand values in the standard markets for KCC’s fleet and will support KCC’s investor friendly dividend policy going forward. The sale furthermore supports KCC’s decarbonisation efforts by reducing average CO2 emission and improving average trading efficiency of KCC’s fleet,” comments the CEO of KCC, Engebret Dahm.
Read the article online at: https://www.drybulkmagazine.com/shipping/25102021/klaveness-combination-carriers-sells-cabu-vessel/
You might also like
Weekly US rail traffic for the week ending 11 January 2025
According to the Association of American Railroads, total US weekly rail traffic was 465 390 carloads and intermodal units, up 1.8% compared with the same week last year.