Kleven Secures Cash Injection from Hurtigruten-Led Investors

Image Courtesy: Kleven

Norwegian builder of ferries and offshore support vessels has obtained an investment worth NOK 300 million (USD 38.8 million), the shipbuilder said.

The cash injection comes from a group of investors comprising the compatriot cruise, ferry and cargo operator Hurtigruten and its owners, Petter A. Stordalen and TDR, along with Åge Remøy and Magnus Roth’s InYard Invest, Lürssen-Group, and Per Lillebø.

Of its current owners, John Kleven AS and H-Invest AS are also said to be bringing new funds to the company.

As informed, Hurtigruten owners will be the largest partner in the newly established company, with a 40% share.

The company has hired Kleven to build its environmentally friendly expedition vessels – hybrid powered MS Roald Amundsen and MS Fridtjof Nansen.

“Kleven was the best candidate for building our new expedition vessels. This shows that the shipbuilding group is world class. Now we are strengthening Kleven, the region and Norwegian shipbuilding industry for the future and this permits further growth,” said CEO of Hurtigruten, Daniel Skjeldam.

Image Courtesy: Hurtigruten

“We are pleased to see the interest there has been in investing in Kleven. This is a solid and longterm solution, creating opportunities for new and innovative projects,” said CEO of Kleven, Ståle Rasmussen.

The refinancing process is now close to being completed, with some formal conditions pending, including final approval from the company’s banks and Norwegian Guarantee Institute for Export Credits (GIEK).

Kleven Maritime cut the steel for MS Roald Amundsen in February this year. The vessel is set to be completed in 2018.

Two hybrid-powered ships were ordered from Kleven in April 2016, with an option for two additional expedition cruise vessels.

The 15,000 gross ton ships are designed by Rolls-Royce, in collaboration with the Norwegian yacht designer Espen Øino.

Each of the two vessels will feature a length of 140 meters and a width of 23.6 meters and will be able to accommodate 530 passengers.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 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

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >