Eitzen Ethylene Carriers (EEC)

A turn-up for the books

FLEETS Last year HCB reported ‘cautious optimism’ in the LPG trade. That caution extends to newbuilding activity, which once more has allowed the sector to out-perform other bulk li quids trades. That performance is encouraging interest from new owners 

Ethylene tanker JS Caeser

Do the LEG work

PROFILE Evergas is the new name for Eitzen’s former gas shipping business following its takeover by Jaccar Holdings. Fleet renewal is already underway

Hamworthy liquefied ethylene gas (LEG) carrier

Tread carefully

LPG TANKERS Some of Europe’s leading LPG tanker operators are finding business tricky, despite a general improvement in trading conditions.

Eitzen Tanker at Sea

Eitzen still in the red

Camillo Eitzen & Co (CECO) has reported negative EBITDA of $1.4m for the third quarter, down from the $0.9m loss posted for the second quarter.

Eitzen almost out of gas

Camillo Eitzen has completed the sale of its non-ethylene semi-refrigerated LPG carriers as well as its shareholding in Eitzen Gas and the back-to-back leases on its five fully pressurised LPG tankers.

In transit

FLEET There is a cautious optimism in the air as the LPG sector, which has remained deadly quiet through the economic downturn, starts to move into a period of activity and recovery with potential growth in the near future

Eitzen shuffles gas pack

Camillo Eitzen & Co (CECO) this month agreed to sell a further 40 per cent holding in Eitzen Ethylene Carriers (EEC) to Jaccar Holdings, which bought its first 40 per cent share this past September.

Eitzen fundamentals improve

Canillo Eitzen & Co has reported group revenues of $563.1m for the full year 2010, up from $545.6m in the previous year.

Eitzen looks to exit ethylene

Camillo Eitzen & Co (CECO) has finalised the sale of 40 per cent of the shares in Eitzen Ethylene Carriers (EEC) to Jaccar Holdings with effect from October 1.

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