NORWAY’S Eitzen Chemical today told Fairplay it will sell four vessels for a total of $27M.
“It’s a strategic move more than anything else,” said CEO Terje Askvig from Eitzen’s Oslo headquarters. “These types of sales have always been part of our strategy.”
Eitzen has had financial difficulties lately, and the company expects to record a loss of about $3M from the sale to an unnamed buyer.
When asked by Fairplay if more sales are planned in the future, Askvig said: “At the time, I’ll let you know.”
The vessels being sold are 40,200dwt Siteam Anatas, 9,200dwt Sichem Anne, 7,930dwt Sichem Princess Marie Chantal and 8,700dwt Sichem Provence.
Eitzen has also sold three newbuildings being built in Brodotrogir, Croatia, to Sweden's Laurin Maritime for $124M.
Source: Fairplay
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