Klaveness Combination Carriers ASA/Nkr KCC

1D1W1MYTD1Y5YMAX

About Klaveness Combination Carriers ASA

Klaveness Combination Carriers ASA is a shipping company headquartered in Oslo, Norway. It specializes in the operation of combination carriers, which are vessels designed to transport both wet and dry bulk cargoes. The company's fleet primarily includes CLEANBU and CABU vessels, which enhance operational flexibility and efficiency by switching between carrying cargoes like grain, iron ore, and various types of liquid cargo. This dual capability reduces ballast voyages, thereby improving cost-effectiveness and reducing environmental impact. Klaveness Combination Carriers focuses on sustainable shipping solutions and operates mainly in transatlantic routes as well as in Asia and the Middle East. The company leverages its innovative fleet to optimize cargo transport logistics, creating a competitive edge in operational efficiency.
Ticker
Nkr KCC
Sector
Mobility
Primary listing
XOSL
Employees
19
Headquarters
Oslo, Norway
Website
www.combinationcarriers.com

KCC Metrics

BasicAdvanced
kr 6.1B
10.87
kr 9.42
0.17
kr 7.08
6.92%

Bulls say / Bears say

Q2 EBITDA rose 31% quarter on quarter to $38.5 million, and profit after tax reached $20.8 million. Management’s Q3 guidance still points to strong fleet earnings, with 94% of CABU capacity and 80% of CLEANBU capacity fixed. (Klaveness Combination Carriers)
A new Alunorte contract gives KCC’s Brazil trade a longer runway: the agreement covers part of Banastar’s capacity for 28–36 months, with a second vessel due to join the trade in early 2027. That should support employment and cash generation beyond the current quarter. (Klaveness Combination Carriers, Earningscalls.dev)
KCC refinanced $200 million of bank facilities on a six-year tenor and improved financing terms, with a margin of 165 basis points over SOFR. The longer maturity gives the company more funding visibility as it completes its fleet expansion. (Klaveness Combination Carriers)
Earnings remain exposed to sharp tanker-rate swings: in May KCC cut CLEANBU Q2 guidance from $49,000–54,000 to $40,000–43,000 a day after Atlantic product-tanker rates weakened. Q3 CLEANBU guidance was lower again at $36,500–38,500 a day. (Euronext, Klaveness Combination Carriers)
Middle East disruption has caused real operating friction, including a CABU vessel being trapped in the Gulf and lower trading efficiency from extra ballasting and waiting time. Insurance compensated for much of the lost earnings, but such disruption can still reduce vessel availability and performance. (Klaveness Combination Carriers, Klaveness Combination Carriers)
The business remains capital-intensive: Q2 capital spending was $51.4 million, including newbuild and dry-docking costs, and KCC is pursuing an $8 million emissions upgrade. The upgrade’s commercial case is not straightforward, so returns on further efficiency spending are uncertain. (Investing.com, TradeWinds)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2026.

KCC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

KCC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.