Eitzen Chemical in continued decline

The 3rd quarter showed no improvements for Eitzen Chemical, and the carrier still needs to find a solution to its long-term conditions and debt, according to the interim report.

A net deficit of USD 23.7 million in the 3rd quarter testifies to a continuing difficult market for Norwegian tanker carrier Eitzen Chemical. In comparison, the carrier suffered a net deficit of USD 18.4 million in the same period last year.

Copenhagen-based Eitzen Chemical has generally, like other chemical tanker carriers, been struggling with weak market conditions in 2014, where storms and bad weather also hurt the carrier during the first six months.

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