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New ships and higher rates boost Klaveness carrier in third quarter

Klaveness Combination Carriers books growth in the third quarter as delivered newbuilds and higher rates lifted the bottom line.

Klaveness Combination Carriers CEO Engebret Dahm. | Photo: Klaveness Combination Carriers

Klaveness Combination Carriers reaped the benefits of its newly delivered ships in the third quarter, and higher time charter rates also boosted the results.

The Norwegian carrier generated an adjusted operating result (EBITDA) of USD 17.9 million against USD 9.8 million in the same period of 2020 and USD 15.2 million in the second quarter of this year, shows the report released Tuesday.

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