EGD Shipholding AS has joined Klaveness as partner in two combination carriers under construction in China. The agreement includes possibilities for further co-investments.
The two 80,500 dwt vessels will be delivered from Ouhua Shipbuilding Co. Ltd. in November 2016 and January 2017, and will be employed in the Klaveness combination carrier pool. After delivery of the vessels the pool will count 9 vessels in total. The restructuring of the bank loan to incorporate the partner structure is in the process of being finalized.
EGD Shipholding AS and a subsidiary of Klaveness Shipholding AS will own 50% each in the two vessels.
“This co-operation is a continuation of our long tradition of investing together with partners. We are very pleased to invest together with EGD. The companies are a good fit, as both are family owned with a long history in industrial shipping. The partnership is in line with our strategy to invest in specialized vessels and increase the scale of our combination carrier concept”, says Lasse Kristoffersen, CEO of Torvald Klaveness.
Source: Klaveness
