Christiania Shipping ready to expand fleet following first profit

Costs have been cut to the bone at Christiania Shipping, and with the first operating profit secured, the next step for the former Herning Shipping is to renew its fleet and maybe participate in consolidations. CEO Axel Eitzen expects black figures on the bottom line for this year as well, he tells ShippingWatch.

The first financial year resulted in the first profit marking a change in strategy at Christiania Shipping, in which consolidations and fleet renewal are now realistic possibilities, CEO Axel Eitzen tells ShippingWatch in an interview.

The chemical tanker carrier became a reality last year, when the Norwegian shipping figure joined forces with prominent partners Erik Bartnes and Nicolai Heidenreich to take over what was left of debt-ridden Herning Shipping.

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