ShippingWatch

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.

Photo: Klaveness

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.

In 2014, Torvald Klaveness achieved results after taxes of USD 9 million, which is actually a decline compared to the USD 25 million from 2013. The operational result (EBITDA) grew to USD 66 million from US 60 million in the previous year, according to the annual report.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Container reliability hit new low at the end of 2021

Schedule reliability in the container industry set a new negative record in December 2021 with one route in particular hit hard with an on-time arrival rate of only 10 percent, show figures from Sea-Intelligence. Problems in supply chains are still ”a huge burden,” says Hapag-Lloyd.

DNB Markets says oil price could hit USD 100 a barrel

An optimistic scenario could see the oil price go above USD 100 per barrel, DNB Markets forecasts in its latest oil market report. It won’t take much for it to happen, oil analyst Helge André Martinsen says to ShippingWatch.

Cadeler secures two new deals

Shipping line Cadeler, which operates wind installation ships, lands two new deals, one with Vestas, the other with an unnamed customer.

Further reading

Related articles

Latest news

See all jobs