Klaveness Q2 2026 slides: EBITDA surges 31% amid Middle East crisis
Klaveness Combination Carriers reported robust Q2 2026 results on August 25, despite the Middle East crisis disrupting operations. EBITDA surged 31% to $38.5 million, while revenues climbed 11% to $52.1 million. The Norwegian shipping company's stock rose 2.14% to $105 following the presentation, nearing its 52-week high. The Middle East conflict, triggered by the U.S. invasion of Iran and closure of the Strait of Hormuz, caused significant disruptions.
Despite this, the company managed to reroute vessels to avoid chokepoints like the Strait of Hormuz and Bab al-Mandeb Strait, with many voyages circumnavigating Africa. The company's balance sheet remained strong, with a 50% equity ratio and improved leverage metrics.
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