tiprankstipranks
Trending News
More News >

Klaveness Combination Carriers Reports Strong Q1 2025 Earnings Amid Tariff Concerns

Story Highlights

Klaveness Combination Carriers AS ( (DE:36K) ) has provided an announcement.

Klaveness Combination Carriers reported preliminary TCE earnings for Q1 2025, with CABU and CLEANBU fleets achieving $22,346 and $22,449 per day, respectively. Despite a decline from Q4 2024, the earnings were within the high end of the guiding range. The company is cautious about potential impacts from proposed US tariffs, especially concerning their Chinese-built vessels, and is monitoring the situation closely.

More about Klaveness Combination Carriers AS

Klaveness Combination Carriers ASA (KCC) is a global leader in the combination carrier industry, specializing in owning and operating vessels that transport both wet and dry bulk cargoes. The company operates eight CABU and eight CLEANBU combination carriers, with three additional CABU vessels under construction. These carriers are designed for efficient trading, minimizing ballast and reducing CO2 emissions by up to 40% compared to standard vessels.

YTD Price Performance: -24.83%

Average Trading Volume: 1,356

Technical Sentiment Signal: Strong Buy

Current Market Cap: €291.7M

Learn more about 36K stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App