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Dwt Chemical Carriers News

17 Apr 2009

Hellespont Launches Chemical Tanker Pool

Hamburg-based Hellespont has launched a pool for modern IMO 2 chemical/product tankers. The Seatramp Intermediate Tanker Pool will initially consist of three KG-financed and Hellespont-operated 13,000 dwt vessels, and Hellespont has committed a further eight 17,000 dwt newbuildings due between now and 2011 to the pool. Talks with other owners are at an advanced stage and the aim is to bring the pool to around thirty vessels by the end of 2010. Christian van Oldershausen, managing director of Hellespont AG, said, “In the current market consolidation of fleets into pools makes a lot of sense. It smoothes earnings, allows the pool to develop long term relationships with large charterers and balance tonnage against cargo commitments and overall increases returns as tonnage utilization rises.

21 Apr 2008

Sale of 4 Newbuildings

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.

11 Oct 2001

Turkish Shipyards Boost for MarineLine

Following Advanced Polymer Coatings’ announcement earlier in the year of its first two chemical tanker coatings contracts won in Turkey, the anticorrosion specialist has just announced a number of further new business gains and opportunities in this developing shipbuilding country. It has also reported gains in other markets. APC’s unique polymer-based tank protection system MarineLine has now been specified for the cargo tanks of 10 more ships to be constructed or converted in Turkey. These range in size from two 1,450 dwt chemical tankers for Holland’s Unifleet NV, to be constructed by the RMK Marine shipyard, to two 29,990 dwt chemical tankers from UM Shipyard for Fairfield Chemical Tankers of the USA.

25 Sep 2007

Eitzen Chemical Orders Two Ships

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.

25 Apr 2007

Eitzen Orders Tankers from Jinse

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

24 Apr 2007

Eitzen Orders Tankers from Jinse Shipbuilding

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.