Norway's Klaveness Combination Carriers (KCC) is renegotiating options for two new Cleanbu vessels in China as weak equity markets preclude fresh investment.
The Oslo-listed owner is taking delivery of three 83,500-cbm wet and dry bulk carriers from Jiangsu New Yangzijiang Shipbuilding in the first half of next year. It has options for two more expiring in late January.
"While we have a strong balance sheet, we do not have much spare investment capacity, meaning that to declare options we would need to raise additional equity," chief executive Engebret Dahm said on a conference call with analysts.
