Option for combination carrier newbuild declared

Klaveness Combination Carriers (“KCC”) has declared an option for the construction of a combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for second quarter 2020. KCC already has four sister vessels under construction at the same yard with delivery in 2018-2020. Following the declaration, the KCC fleet will grow to 14 vessels by 2020. The company holds options for further vessels. The Issuer of the bond KSH03, Klaveness Ship Holding AS, is the majority owner of KCC.

For further information please contact:

Lasse Kristoffersen (CEO, Torvald Klaveness and Chairman, KCC) +47 22526238