Norway’s Klaveness Combination Carriers (KCC) has revealed it was “lucky” to have avoided having vessels in the Black Sea when Russia invaded Ukraine in February.

Chief executive Engebret Dahm told a conference call that the owner of vessels that carry both wet and dry cargoes trades “very seldom” in Ukraine and Russia.

But earlier this year, it was repositioning two ships to the Pacific from the Atlantic after it closed down that trade at the end of 2021.