Klaveness Combination Carriers AS ( (DE:36K) ) has issued an update.
Klaveness Combination Carriers reported preliminary TCE earnings for Q4 2024, with CABU and CLEANBU fleets earning below the guiding range due to weaker market conditions and operational challenges. Despite this, the CABU fleet outperformed standard MR tanker vessels due to efficient trading strategies, while the CLEANBU fleet faced decreased earnings. KCC anticipates securing full caustic soda contract volumes for 2025, expecting increased earnings premiums from its business model in a more balanced market environment.
More about Klaveness Combination Carriers AS
Klaveness Combination Carriers ASA (KCC) is a leading company in the combination carrier industry, owning and operating a fleet of CABU and CLEANBU vessels. These carriers are designed for the efficient transportation of both wet and dry bulk cargoes with minimal ballast, resulting in up to 40% less CO2 emissions per transported ton compared to standard vessels. KCC is focused on high utilization and efficiency in its operations.
YTD Price Performance: 3.90%
Average Trading Volume: 735
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €402.7M
Learn more about 36K stock on TipRanks’ Stock Analysis page.