Eitzen Gas

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

Jason facing the end

Jason Shipping has reported a net loss of $3.8m for the first quarter, an improvement on the loss of $6.8m posted for the final period of 2011.

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.

Eitzen exits semi-ref LPG sector

Camillo Eitzen & Co has agreed to sell its nine wholly owned semi-refrigerated LPG tankers and its ownership of Eitzen Gas A/S to C-Gas AS.

CECO reports gains

Camillo Eitzen & Co (CECO), which is the largest single shareholder in Camillo Eitzen, having a 41.5 per cent holding, has also recorded improved results in the first quarter of 2010.

Hard times

MARKET Eitzen’s struggles with the market downturn look likely to result in the Danish company being bought by BLT of Indonesia. Meanwhile, Eitzen is finding the going difficult as poor demand is impacting income levels

Gas and chemicals shine for Eitzen

Camillo Eitzen, parent company of Eitzen Gas and Eitzen Chemical, has posted first quarter pre-tax profits of $58.7m, down from the $100.8m recorded last year following a reduction in its bulk tanker fleet.

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