KCC exceeds Q2 earnings guidance on strong performance

Klaveness Combination Carriers reported preliminary Q2 2025 fleet earnings of $24,561 per day, exceeding guidance of $22,700-24,200.

CABU earnings hit $26,365 per day, $1,365 above the high end, driven by increased caustic soda trades and achieving 1.3 times standard MR tanker rates.

CLEANBU earnings reached $22,843 per day, slightly above guidance midpoint and matching LR1 spot tanker rates. Both segments increased from Q1, with CABU up $4,000 per day and CLEANBU up $400 per day.