Brief: KCC Q4 2023 Business Update, Preliminary Earnings

Klaveness Combination Carriers ASA

16/01/2024 06:39

Jan 16 (Reuters) - Klaveness Combination Carriers ASA
 KCCK.OL :
    * FOURTH QUARTER 2023 BUSINESS UPDATE
    * PRELIMINARY CABU AND CLEANBU TCE EARNINGS FOR Q4 2023
ENDED AT
$/DAY 36,110 AND $/DAY 37,537 RESPECTIVELY
    * FLEET AVERAGE TCE EARNINGS FOR Q4 ENDED AT $/DAY 36,823,
ABOUT
$/DAY 4,600 HIGHER THAN IN Q3 2023 AND ABOUT $/DAY 3,050 ABOVE
MID-POINT IN GUIDING RANGE
    * BASED ON ESCALATING SITUATION IN RED SEA AREA, KCC HAS
DECIDED
TO NOT TRADE ANY OF ITS VESSELS THROUGH RED SEA UNTIL SITUATION
IMPROVES
    * CABUS DO NOT TRADE IN AREA, WHILE CLEANBUS FROM
TIME-TO-TIME
TRANSITS THROUGH RED SE
    * DECISION IS EXPECTED TO HAVE LIMITED IMPACT ON KCC
BUSINESS
ACTIVITIES AND FINANCIAL PERFORMANCE

Source text for Eikon:  ID:nObijJ72Da 
Further company coverage:  KCCK.OL 

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