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September 30, 2019

KCC signs agreements for additional CLEANBU combination carriers

Norway's shipping company Klaveness Combination Carriers (KCC) has signed agreements for additional combination carriers.

Norway’s shipping company Klaveness Combination Carriers (KCC) has signed agreements for additional combination carriers.

The agreements entered with China’s Jiangsu New Yangzi Shipbuilding (JNYS) provide KCC with the option to contract two more CLEANBU vessels.

The two companies reached deals for ‘new declaration and delivery dates of the current outstanding options’ for building four CLEANBU combination carriers.

The six options include fixed priced contracts and expiry dates between February next year and January 2021. Delivery dates are scheduled for the period between September 2021 to November 2022.

KCC’s combination carriers transport both wet and dry bulk cargos. The company uses the CLEANBU vessels to carry both clean petroleum products and heavy liquid cargos such as caustic soda solution.

These vessels produce low CO₂ emissions compared to standard vessels. They are also designed to meet the International Maritime Organization’s (IMO) 2050 targets to reduce CO emissions from shipping by at least 50%.

Currently, the company has three CLEANBU combination carriers and is set to take delivery of five more CLEANBU vessels from February 2020 to February 2021.

Earlier this month, KCC’s CLEANBU vessel MV Barramundi departed from China’s New Yangzi Shipyard on its first voyage.

MV Barramundi is the third in a fleet of eight carriers that are under contract to be delivered from New Yangzi Shipyard from 2019 to 2021.

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