TOFG, Klaveness to Co-Operate on Kamsarmax Newbuildings

Tufton Oceanic Finance Group (TOFG) will back up Torvald Klaveness’ (Klaveness) Kamsarmax newbuildings.

Klaveness has previously ordered two 82,000 dwt Kamsarmax vessels at YZJ shipyard in China with options. Klaveness has also negotiated a second program for additional Kamsarmax vessels at the same yard.

The company has now ordered the two first vessels from the second program against a novation to a Tufton Oceanic managed entity as a buyer of these vessels. Klaveness will enter into a cooperation with Tufton Oceanic for joint supervision of the vessels.

With this transaction Klaveness has secured additional options as well as a potentially lower delivered cost resulting from a larger program.

 

Press Release, November 20, 2013

Share this article

Follow World Maritime News

Posted on November 20, 2013

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >