KCC outlines strategy for profitable decarbonization at energy conference

Klaveness Combination Carriers (KCC) today presented its strategy for innovation in dry bulk and tanker shipping, profitable decarbonization, and balanced risk-return at the Pareto Securities' 32nd Annual Energy Conference. KCC operates a fleet of eight CABU and eight CLEANBU combination carriers, with three CABU vessels under construction for 2026 delivery, which are designed to transport both wet and dry bulk cargoes with minimum ballast. These vessels achieve up to 40% less CO2 emissions per transported ton compared to standard vessels, positioning KCC advantageously as new IMO Net Zero Framework regulations approach.

The company anticipates that new IMO regulations will improve its competitive advantage and TCE-earnings, forecasting an example impact on CLEANBU TCE of approximately $5,000/day in 2035 due to higher all-in fuel costs. KCC projects a positive outlook for the second half of 2025, with guiding Q3 2025 TCE earnings of $27,500 – $29,000/day. The company maintains a policy of quarterly distributions of a minimum of 80% of adjusted cash flow to equity, demonstrating consistent dividend payments since its 2019 listing.

KCC's ambitions for 2026 include growing its CABU fleet with the delivery of three newbuilds, aiming to increase its Caustic Soda Solution (CSS) market share, and expanding CLEANBU trading following geopolitical headwinds in H1 2025. The company's diversified market exposure across product tank and dry bulk markets has historically delivered strong performance, with KCC fleet average TCE earnings outperforming standard tonnage in both peaking and "normal" markets.