Carbon-conscious Klaveness Combination Carriers (KCC) has reported its best-ever annual result and has announced a new contract with Brazil’s Raizen that could boost its already high utilisation figures further.

The Oslo-listed shipowner reported net profit of $60m last year, some 170% over 2021 and the biggest bottom line in the five years since private Thorvald Klaveness spun it off.

The company’s strategy of cutting carbon emissions by minimising ballast voyages has paid off, producing 1.4