23/12/2014at 08:41

Eitzen Chemical lands crucial capital agreement

After approximately one year of intense efforts Eitzen Chemical has now managed to find a solution to the carrier's long-term debt with the company's lenders. Meanwhile, the carrier will later change its name to Team Tankers International.

BY KATRINE GRØNVALD RAUN

Product tanker carrier Eitzen Chemical has finally achieved the long-term debt restructuring agreement that CEO Jens Grønning has been working on since he was appointed CEO last year, says the carrier in a statement to the Oslo Stock Exchange.

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Eitzen Chemical in continued decline
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Eitzen Chemical suffers USD 26 million deficit
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