The two main backers of Klaveness Combination Carriers (KCC) have increased their holdings for a bargain price.

The Oslo-listed combination carrier company said parent Torvald Klaveness and Norwegian investor EGD Shipholding exercised warrants dating from 2018.

These were due to expire on 24 September, but a total of 215,068 were converted into the same amount of shares at NOK 23.40