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2009 June 19   06:35

Eitzen Chemical sells 4 vessels

Eitzen Chemical ASA announced yesterday that it has entered into agreements to sell four vessels for a total of USD 27 mill. The vessels are Siteam Anatas - 40,200 dwt, built 1985, Sichem Anne 9,200 dwt, built 1997, Sichem Princess Marie Chantal - 7,930 dwt, built 2003 and Sichem Provence - 8,700 dwt, built 1996. The company expects to record a loss from the above transactions of approximately USD 3 mill. The Company also reported that it has concluded the sale through novation of three newbuildings from Brodotrogir in Croatia to Laurin Maritime, previously announced.
Eitzen Chemical is an industrial carrier of petrochemical and related cargos with a fleet of 81 vessels. 64 vessels are owned and leased, and a further 17 vessels are operated for partners.

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