Tanker

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
Photo: Evergas
by NIKLAS KRIGSLUND

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

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