Eitzen Chemical News

Eitzen Chemical A/S has decided to implement Jotun's Hull Performance Solutions (HPS) on two of their largest chemical carriers. The first vessel, Siteam Discoverer, applied SeaQuantum X200 to the hull at the COSCO Dalian Shipyard in China in May, while the next vessel will dock in October later this year. "Through several years of measuring our vessel's performance, we recognize that the correct choice of antifouling is one of the low hanging fruits when it comes to increasing our vessel's energy efficiency", said Rasmus Kjaer, General Manager Technical for Siteam Discoverer at Eitzen Chemical. "Eitzen Chemical is aware of its environmental…

Transas Marine Denmark contracted by A/S to supply & install 28 Navi-Sailor 4000 Multifunction Display Dual ECDIS units. Transas is also to upgrade another six Eitzen Chemical vessels to the latest hardware and software ECDIS standards over the next two years. The package for each vessel includes 2 x 26" Hatteland monitors, RS6B computers, radar overlay and Firewall enabling a direct connection between the vessel's satellite communication equipment and the Transas ECDIS. After the installations, all vessels will run the unique "Pay As You Sail" chart concept from Transas.

From ferrying company directors by taxi in and out of Hereford, to greeting others enthusiastically in the specially prepared car park, maritime security specialist, Ambrey Risk’s Open Day was a meticulously planned affair that brought over forty invited guests together in the middle of the Herefordshire countryside on probably the driest day of the year. The event at Ambreys’ Operations and Training Centre was intended to promote transparency and openness and was a unique opportunity to look at the operations of a private maritime security company.

Eitzen Chemical ASA has reached an agreement to sell  four newbuildings that it has on order in . The vessels are coated 13,000 dwt chemical carriers. The vessels will be delivered to the buyer upon delivery from the shipyard, which is expected to take place during the remainder of 2008, with the first vessel expected to be delivered in the second quarter. The total price is approximately USD 112 mill. and the company will book a total gain of approximately USD 12.5 mill. from the sale. Eitzen Chemical ASA's fleet will after this sale consist of 101 vessels, whereof 62 vessels  are owned or financially controlled, 22 newbuildings and 17 pool vessels.

Eitzen Chemical has reached an agreement to sell the 46,000 dwt Siteam Leopard, built in 1985. The delivery is expected to take place during the second quarter of 2008. The company expects to book a loss of approximately $1m. from the sale.  Eitzen Chemical ASA's fleet will after this sale consist of 105 vessels, whereof 62 vessels are owned or financially controlled, 26 newbuildings and 17 pool vessels.

Norwegian chemical tankers operator Eitzen Chemical ASA said on Wednesday (5 March) that it has agreed to sell the 42,000 dwt chemical and oil carrier Siteam Merkur. The Siteam Merkur (formerly Team Merkur) was built in 1981.

Norwegian tanker shipping company Eitzen Chemical ASA announced that it has declared an option to order two additional chemicals carriers from Jinse Shipbuilding Co Ltd in Korea. The order, valued at a total of $48m, covers two coated 13,000 dwt chemical carriers. The vessels are scheduled for delivery in 2008 and brings the series from Jinse to four vessels.

Eitzen Chemical ASA announced has reached an agreement to acquire the vessel Team Actinia for $20m. The vessel is 40,296 dwt, built in Uljanik Shipyard, Croatia in 1993, single sided and double bottom. The intention is to convert the vessel to double hull. The vessel is currently trading in the Team Tanker Pool and is well known to the Company. Delivery of the vessel is expected to take place in the 3rd quarter 2007. The company also reported that it has sold the Sichem Camaron (7,650 dwt, built 1983) for $3.2m. The vessel is expected to be delivered in the 2nd quarter 2007. The company will book a profit of approximately $1m. from this sale.

Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for USD 23.6 mill. per vessel. The vessels will be delivered in 2008. Furthermore, the Company has an option for two additional units. Following this order, the Company's newbuilding program consists of 35 vessels (plus two options) to be delivered before 2010. Its current owned and financially controlled fleet consists of 73 vessels, with another 14 vessels under management. Source: Shipping Times

Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for $23.6m per vessel. The vessels will be delivered in 2008. Furthermore, the Company has an option for two additional units. Following this order, the Company's newbuilding program consists of 35 vessels (plus two options) to be delivered before 2010. Its current owned and financially controlled fleet consists of 73 vessels, with another 14 vessels under management. The company also announced that it has reached an agreement in principle with Nordic Tankers A/S in Denmark to sell its 50% share interests in Sichem Copenhagen (13,000 dwt, coated, built 2005) and Sichem Oslo (13,000 dwt, coated, built 2005) based on a value of each vessel of $27m.