Torvald Klaveness' Klaveness Combination Carriers (KCC) has completed a $45m private placement to expand its fleet.
But it came up short of a potential target of $70m announced earlier this month.
It will now issue 8.24m shares at $5.46 each.
The cash will finance one existing 83,000-dwt newbuilding and will also be used to declare one option at Jiangsu New Yangzi in China - its sixth newbuilding there, with delivery in the fourth quarter of 2020.
