Klaveness turns a profit in all-time low dry bulk market

Norwegian Torvald Klaveness, which operates a fleet of around 120 vessels in dry bulk as well as some container ships, finished 2014 with a profit on the bottom line, as opposed to numerous other players in dry bulk.

BY KATRINE GRØNVALD RAUN

Norwegian Torvald Klaveness, which mainly deals with dry bulk - but also has activities in container, combination vessels and self-unloaders - was able to stay on the positive side of the bottom line in a market that is described by many as brutal as well as a dreadful year for dry bulk shipowners.

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Klaveness turns a profit in all-time low dry bulk market

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Analysts: This is the strongest dry bulk carrier

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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