Klaveness adds four more

Torvald Klaveness has doubled its order tally in China with the addition of four newbuildings and the potential for many more to come.
Lasse Kristoffersen, CEO Torvald Klaveness

Lasse Kristoffersen, CEO Torvald Klaveness

The Norwegian bulker owner has turned to Zhejiang OuHua Shipbuilding Co for two combination carriers to beef up its pacific-based CABU fleet.

Though Klaveness did not place a figure on the deal, market sources tell TradeWinds the company is likely to have agreed a fee of between $35m and $40m per vessel.

Zhejiang OuHua will deliver the 80,500-dwt pair in the middle of 2016, Klaveness announced today adding that the deal includes options for additional vessels.

The company has also declared options at Jiangsu Yangzijiang Shipbuilding for two more 82,000-dwt bulkers, taking its firm orders at the yard to six vessels.

All six are underpinned by the partnership Klaveness signed with hedge fund Tufton Oceanic in November after it shelved plans for an Oslo IPO due to lukewarm investor interest.

Options are in place that could potentially double the kamsarmax order to 12 units.

Klaveness put no figure on the latest contract but CEO Lasse Kristoffersen previously told TradeWinds that it paid “well below” the $28m per ship fee that market sources had placed on the original two-ship deal in September.

Zhejiang OuHua is currently building 34 vessels in addition to the combination carriers,  including 13 containerships, six multipurpose ships, eight open hatch vessels and four bulk carriers.

The Klaveness contract will easily be the biggest vessels on order at the yard though it has previously built seven bulkers of that size.

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