Eitzen Chemical hit by weak market

Eitzen Chemical has yet to find a solution for the carrier's long-term capital conditions and corporate debt through negotiations with its major creditors.

Eitzen Chemical, headquartered in Copenhagen, achieved an operating profit (EBITDA) of USD 4.8 million, compared to USD 15.4 million in the same period 2013.

According to the carrier's 2nd quarter interim report, the weak and disappointing market from the beginning of the year continued into the second quarter, where the ships' daily profit, TCE, dropped 4.1 percent - to USD 10,728 - from the previous quarter, or 13.7 percent compared to the 2nd quarter 2013.

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