Oslo-listed Klaveness Combination Carriers (KCC) has increased tanker market coverage with a charter deal for another of its vessels.
The company said a 83,500-dwt Cleanbu carrier, one in a series of eight which transport oil products and dry bulk cargoes, has been fixed from May for nine to 12 months.
KCC did not name the charterer.
The agreement in strong tanker markets takes its fixed-rate wet market coverage to around 90% for the second quarter and about 55% for the second half of 2020.
KCC said last week that a second of its new Cleanbu ships was fixed on a three to six month deal starting before the end of this month.
Before this, the first vessel had been booked out on a three to six-month time charter.
Chief executive Engebret Dahm told TradeWinds it was taking more tanker cover amid substantial uncertainties in shipping markets and the world economy as a result of coronavirus, in a bid to "secure medium term earnings and reduce risks".
Herlofsen returns to group
Meanwhile, KCC has elected Rebekka Glasser Herlofsen as a new board member.
The experienced executive was CFO at Norwegian car carrier owner Wallenius Wilhelmsen until October, when she left to become an independent consultant, investor and board professional.
Before this, she was CFO at KCC parent Torvald Klaveness for five years, and also has experience with BW Group.
She is currently a board member of Equinor, Rockwool International, SATs and marine insurer Norwegian Hull Club.
The KCC board now consists of chairman Lasse Kristoffersen, Magne Ovreas, Lori Wheeler Næss, Morten Skedsmo and Herlofsen.
Herlofsen joined Wallenius Wilhelmsen in March 2017.
She said at the time of her decision to leave: "After 15 years in top management and as CFO for 10 years, I have decided that I wanted a somewhat freer role, so that I can involve myself across different companies, both as an investor, advisor and board member."
