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Klaveness exits bulk shipping market

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Dry Bulk,

A subsidiary of Klaveness Ship Holding AS, a global shipping company, has sold the kamsarmax vessel MV Bavang to Asian interests.

Klaveness took delivery of the vessel from the yard in February 2016 and it was one out of an eight order deal made in 2013 – 2014. Six of the orders have been sold with a profit, while one order was cancelled.

After the sale, Klaveness no longer owns any standard bulk vessels.

"The vessel was a non-core investment and in order to support the growth in our specialised segments, we decided to sell the vessel”, said CEO Lasse Kristoffersen. The sale is not expected to have any P&L effect.

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