Out with the Old as Klaveness Sells Old Vessel

In efforts to complete its fleet renewal policy, Klaveness Combination Carriers (KCC) has announced that they have executed a contract to sell their eldest vessel in their fleet, the 2001-built Cabu ship MV Banasol.

The Norway-based company expects this sale to administer a $6.5m profit.

The buyer of the vessel did not have their name released.

The new owner is expected to receive the vessel December 2021.

KCC’s CEO stated, “The concluded sale demonstrates attractive secondhand 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 decarbonization efforts by reducing average CO2 emission and improving average trading efficiency of KCC’s fleet.”