KCC exceeds Q3 earnings guidance across all fleets

Klaveness Combination Carriers (KCC) announced preliminary third quarter 2025 results, with its fleet average TCE earnings reaching $28,921/day, at the upper end of its $27,500-$29,000/day guidance. The CABU fleet outperformed its guidance, achieving $30,062/day, while the CLEANBU fleet also reached the upper end of its guidance at $27,740/day.

Both CABU and CLEANBU fleets saw significant TCE earnings improvements from Q2 to Q3 2025, increasing by approximately $3,700 per day and $4,900 per day, respectively. The CABU improvement was driven by stronger caustic soda solution TCE earnings, solid dry bulk earnings, and 95% combination trading. CLEANBU's positive development stemmed from stronger markets, increased capacity in best-paying trades, and a higher share of clean petroleum products trading.

KCC also reported 14 more on-hire days than guided for the quarter due to dry-docking adjustments. The company's full third quarter report for 2025 is scheduled for publication on October 28, 2025.