Klaveness Signs COA for CLEANBUs

Norwegian shipping company Klaveness Combination Carriers (KCC) has signed a Contract of Affreightment (COA) with a Australian importer and distributor of clean petroleum products (CPP) for its new generation of combination carriers, the CLEANBUs.

The COA, which was signed by a Klaveness subsidiary,  covers multiple cargoes over a period of up to 12 months with commencement within 2nd quarter 2019, said a press release from the newly formed KCC,  which is 63% owned by Klaveness Ship Holding.

KCC’s Managing Director Engebret Dahm said: "The COA is an important milestone for the introduction of the CLEANBU vessels and the validation of the CLEANBU concept in the CPP market.  KCC’s CLEANBU service to Australia will meet demands for a reliable and substantially more climate friendly solution for CPP transportation."

"Through its unique design and trading pattern, the CLEANBUs will secure a 30-40% reduction in CO2, SOx and NOx emissions compared to standard tankers," Engebret added.

KCC is currently owning and operating 9 CABU and 1 CLEANBU combination carriers with another 5 CLEANBU combination carriers on order for delivery in the period May 2019 - October 2020.