ShippingWatch

Evergas sells its ethylene fleet: "Enough is enough"

Shipping company Evergas pulls the plug on its ethylene business after five loss-making years. All eight ships have been sold. "The ships were bought at too high a price," CEO Steffen Jacobsen tells ShippingWatch.

Photo: Evergas

Gas tanker shipping company Evergas has sold its entire fleet of ethylene ships as it no longer believes that the business will become profitable.

The eight ships were acquired around five years ago and were most recently operated in a pool run in cooperation with Greek shipping company Eletson.

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