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