As TradeWinds reported, the Norwegian shipowner was seeking around $200m from an equity sale to help pay for a pair of kamsarmax newbuildings on order in China.

Chief executive Lasse Kristoffersen tells TradeWinds he has not abandoned an Oslo IPO for Klaveness Bulk altogether, but the plan is on ice while it considers various options.

Kristoffersen adds he is confident of securing the funding for the newbuilding programme.

Klaveness