A pioneering, data-driven and safety-oriented shipping company Our history Corporate governance Klaveness believes transparent and good corporate governance drives value creation through aligning stakeholder as well as company interests. The main governance structure and principles are as follows: Trond Harald Klaveness is the main shareholder of the company, and chairman of Rederiaksjeselskapet Torvald Klaveness (RASTK). The board of directors also comprises independent representatives with extensive corporate experience. Current board members are Christian Rynning-Tønnesen and Tellef Thorleifsson. Lasse Kristoffersen is the President and CEO of Torvald Klaveness, and heads up the executive committee of nine executives. He has no ties to the Klaveness family, but holds a minority ownership share in RASTK. Risk management and compliance is an integral part of our business. We have a corporate risk management unit with the responsibility to identify and mitigate business and financial risks. In addition, we have a Chief Compliance Officer responsible for development, implementation and follow-up of our compliance program. We operate under a Code of Conduct that is accepted in writing by each employee, officer and director. Executive Committee Lasse Kristoffersen Chief Executive Officer Ernst Meyer Chief Operating Officer and Managing Director Klaveness Ship Management AS Michael Jørgensen Head of Dry Bulk Morten Skedsmo Head of Container Shipping Trine Hellum Head of HR Engebret Dahm CEO Klaveness Combination Carriers ASA Liv Hege Dyrnes CFO Klaveness Combination Carriers ASA Aleksander Stensby Managing Director Klaveness Digital Martin Prokosch Head of ZeroLab Board of Directors Trond Harald Klaveness Chair of the Board Christian Rynning-Tønnesen Board member Tellef Thorleifsson Board member Financial information Figures in USD Million 2020 2019 2018 2017 Profit and loss account Gross operating revenue 1) 309 285 317 327 Gain from sale fixed assets – – – - EBITDA 1) 45 1 37 28 Profit/(loss) after tax (incl. minority interests) - -32 6 -6 Profit/(loss) after tax (excl. minority interests) -6 -31 4 -6 Balance Sheet Total assets 753 680 590 561 Total equity (incl. minority interests) 322 323 318 260 Total equity (excl. minority interests) 217 222 250 238 Interest-bearing debt 367 260 171 178 Cash and cash equivalents 99 90 124 107 Cash flow from investing activities Investments in vessels and newbuilding contracts 95 172 29 43 Equity ratios Equity ratio (excl. minority interests) 29% 33% 42% 42% Equity ratio (incl. minority interests) 43% 47% 56% 46% Employees Number of employees onshore 2) 168 161 168 157 Vessels 3) Pool vessels 30 24 29 35 Klaveness Chartering – chartered vessels 35 29 67 96 Combination carriers (incl. MV Baru) 14 12 9 9 Selfunloader vessels – – – – Container vessels 8 8 8 8 Vessels under construction 3 5 6 3 1) Income/loss from physical and financial freight 2) Number of employees at year-end 3) Per year-end. Vessels hired in on spot voyages are not included Financial reports 2020 Torvald Klaveness Annual Report 2019 Torvald Klaveness Annual Report 2018 Torvald Klaveness Annual Report 2017 Torvald Klaveness Annual Report 2016 Torvald Klaveness Annual Report 2015 Torvald Klaveness Annual Report 2014 Torvald Klaveness Annual Report Accounts 2013 Torvald Klaveness Annual Report (web) Accounts 2012 Torvald Klaveness Annual Report Accounts Vision and values At the core of Torvald Klaveness are the values we live by and the vision we pursue. Our vision is to improve the nature of shipping. Our legacy is to challenge status quo, and much of our success has been, and is linked to finding new ways to improve technology and business models in shipping. The vision provides direction and guiding along three dimensions: IMPROVING We always look for new solutions NATURE Our ambition is to improve the very nature of the business we are in SHIPPING Shipping is our market and where we can make a difference Our values define what we stand for and what you can expect from us Craftsmanship We know our business in detail: Constantly update and renew competence Deliver as promised Build and contribute to teams Keep it simple Integrity We act on our principles Ethics before profits Be honest Express your concerns Address problems Commitment We see through cycles See lasting solutions Never bet the company Support the customer Never give up Curiosity We challenge established thinking Ask questions Look for new solutions Share with and build on insights of others Try a little, learn a lot Commitment to compliance Klaveness’ vision is to improve the nature of shipping and our ambition is to contribute to developing the standard for compliance in our industry. Klaveness Code of Conduct Our Code of Conduct defines our core legal and ethical standards and applies to all Klaveness directors, officers and employees, both on shore and on board our vessels. The code provides a framework for Klaveness’ governance, and defines the most important principles and ethical norms that form the basis for how we create value in Klaveness and conduct our business. These principles and values are implemented in our governance documents. KLAVENESS CODE OF CONDUCT Klaveness Counterparty Code of Conduct Our Counterparty Code of Conduct defines the core legal and ethical standards we expect from our subcontractors, contractual counterparties and others we do business with. The code applies to all our contractual relationships through standard documents and clauses. KLAVENESS COUNTERPARTY CODE OF CONDUCT Reporting of concerns (whistleblowing) Torvald Klaveness promotes a culture of openness and transparency. This is important for both the overall work environment and the well-being of the individual employee. Moreover, it is a key to optimal business operations. We therefore encourage whistleblowing regarding blameworthy activities or circumstances within our business. Employees and others who have reason to believe that there are blameworthy activities or circumstances (e.g. breach of applicable legislation) within our business have the right to and are encouraged to whistleblow. The same applies if they have reason to believe that there is a violation of Klaveness Code of Conduct. Employees who give notification in accordance with Section 2-4 of the Norwegian Working Environment Act and Klaveness Guidelines for Whistleblowing shall be protected against any unfavorable treatment as a reaction to the whistleblowing (“retaliation”). You can choose to be anonymous. In such case you will automatically be given a username and password so that you can log in to see the status of your case and securely communicate with the case handler. At any stage during the case handling you may also choose to reveal your identity. WHISTLEBLOWING WHISTLEBLOWING FOR CREW Membership in the Maritime Anti-Corruption Network (MACN) The Maritime Anti-Corruption Network is a global business network working towards the vision of a maritime industry free of corruption that enables fair trade to the benefit of society at large. Klaveness was among the founding members in 2011 and was actively involved in the formalisation process in 2012. MACN and its members promote good corporate practice in the maritime industry for tackling bribes, facilitation payments and other forms of corruption. The members are vessel owners and other companies in the maritime industry including cargo owners and service providers. As of 2019 the Network has more than 100 members and has become one of the pre-eminent examples of collective action to tackle corruption. VISIT MACN TO LEARN MORE Committed to decarbonizing the shipping industry Together with some of the world’s largest energy, agriculture, mining, and commodity trading companies we committed ourselves to assessing and disclosing the climate alignment of our shipping activities in October 2020. A necessary step towards reducing the global footprint of our industry. The Sea Cargo Charter provides a global framework to bring climate considerations into chartering decisions, to favor climate-aligned transportation and it establishes a common baseline to quantitively assess and disclose whether shipping activities are aligned with adopted climate goals. We are committed to doing our part in making the world a better place for future generations. LEARN MORE ABOUT THE SEA CARGO CHARTER ABOUT US Vision & Values Code of Conduct Governance Management Board of Directors History Financials OUR BUSINESS Klaveness Combination Carriers ASA Klaveness Container AS Klaveness Digital AS Klaveness Dry Bulk Klaveness Ship Management CAREERS Vacancies Working in Klaveness Klaveness Academy CONTACT US Oslo Singapore Shanghai Dubai Manila Fleet News Legal Notice Cookie Policy Privacy Policy Sustainability © Torvald Klaveness 2021 This site uses cookies to provide you with a more personalized service. By using this site, you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them. cookies to provide you with a more personalized service. OK