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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.

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