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Q2 2021 Klaveness Combination Carriers ASA Earnings Call Transcript
Welcome to the second-quarter presentation of Klaveness Combination Carriers. I'm Engebret Dahm, I'm the CEO of the company. Together with me, I have Liv Dyrnes, CFO. Please use the webcast solution to give us questions, and we'll go through it after presentation.
KCC, we are owners and operators of combination carriers that have assets that can transport both dry and wet cargos, competing against the standard tankers and dry bulk ships. We have two type of ships. We have the CABUs, which, in dry mode, can transport all type of dry bulk commodities; and then tanker mode, specialized for transportation of caustic soda to the alumina industry.
Our new fleet of CLEANBUs can do the same transportation work as the CABUs. But in tanker mode, can transport a much bigger variety of tanker cargoes; hence, having a bigger market.
Our ships do the transportation work of both tank and dry bulk ship, more efficiency with less ballast. Meaning that all other things equal, our ships earn more than the standard tankers and dry bulk ships
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