Klaveness Combination Carriers AS ( (DE:36K) ) has issued an update.
Klaveness Combination Carriers ASA has completed its share buyback program, repurchasing a total of 1,200,000 shares for approximately USD 7.9 million. This move is part of the company’s strategy to optimize its capital structure and enhance shareholder value, now holding 2.0% of its own share capital.
More about Klaveness Combination Carriers AS
Klaveness Combination Carriers ASA (KCC) is a leading global operator in the shipping industry, specializing in combination carriers that transport both wet and dry bulk cargoes. The company operates eight CABU and eight CLEANBU combination carriers, with three more CABU vessels under construction. KCC’s vessels are designed for efficient utilization, emitting up to 40% less CO2 per transported ton compared to standard vessels in similar trades.
Average Trading Volume: 810
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €386.1M
Learn more about 36K stock on TipRanks’ Stock Analysis page.