In a statement filed with securities regulators in Oslo the bulker, tanker and containership operator said it is poised to pocket approximately $25m in annual turnover from the deal, which will mark the re-establishment of relationship that hit the rocks nearly a year ago.

The company indicated the multi-year contract is large, long-term and involves the shipment of alumina from Australia to Bahrain under an agreement “entered into at market terms” but failed to offer further detail about quantities, duration or pricing.

Klaveness