Eitzen buys back his own ship

Eitzen buys back his own ship

Norwegian shipowner Axel C. Eitzen is back in bulk, with his first ship purchase in a handful of years, according to Norwegain daily Dagen Næringsliv. The dry cargo specialist, who previously had controlled more than hundred bulkers in a then listed outfit, told the paper that he wants to grow again in this segment,  that he left some years back when the Eitzen Bulk fleet was sold.

The seven-year-old Japanese built supramax, Ultra Tradition, is not a new ship for Eitzen, the vessel was controlled by Eitzen Bulk in the past.  The seller appears to be Japan’s  Shoei Kisen Kaisha and a price is estimated to be around $12m.

 

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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