Norway's Klaveness Combination Carriers (KCC) will not be declaring any of its options for new Cleanbu vessels in China while share price weakness persists.
The company previously said it would seek to issue new equity to fund up to four more of the 83,500-dwt combination carriers capable of transporting oil products and dry bulk cargoes.
Speaking on its first-quarter conference call, chief executive Engebret Dahm was asked if his view had changed due to turbulence in markets caused by the Covid-19 outbreak.
