Torvald Klaveness has announced that it is close to finalising a contract with Alcoa of Australian to employ its Cabu fleet.
The Norwegian ship owner announced to the Oslo Stock Exchange that the deal will allow for the transportation of caustic soda from the Far East and Middle East Gulf to Australia.
Other details of the potential contract, including the potential rates and the length of the pending contract have not been disclosed.
Klaveness currently has six Cabu vessels operating in the Atlantic and Pacific oceans.
In a statement the company said: “The contract is a continuation of the good working relations with Alcoa and the contract will contribute positively to the Cabu fleet’s performance going forward."