Christiania Shipping opens the way for participation in mergers

A weak chemical tanker market, crowded by many small players, would benefit from additional consolidation into larger units. "We'd like to look into that," Axel C. Eitzen, CEO and main shareholder of Christiania Shipping, tells ShippingWatch.

CEO of Christiania Shipping is interested in a consolidation of the chemical tanker market. | Photo: PR-foto Christiania Shipping

The Norwegian shipowner family Eitzen and main shareholder of Christiania Shipping hopes to kick-start a consolidation in the chemical tanker market, hoping that its 19 tankers can become part of something bigger.

"There hasn't been enough consolidation on the chemical tanker market, which is driven by many small players. It would benefit from being brought together in larger units. We'd like to look into that," says Axel C. Eitzen, CEO of Christiania Shipping, to ShippingWatch.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs