Camillo Eitzen & Co

Camillo Eitzen & Co (OSE: CECO) is an international shipping company that operates a total of 51 dry bulk, gas tanker and tanker vessels. Including commercial managed and newbuilding ships the group has 136 vessels. The company is controlled by the Eitzen Group (53%), of which it used to be a part of up until 2004. It is based in Oslo, Norway and is listed on the Oslo Stock Exchange. Camillo Etizen & Co are also majority owners of Eitzen Chemical and Eitzen Maritime Services.

Camillo Eitzen & Co ASA
Public
IndustryShipping
Founded1883
HeadquartersOslo, Norway
Area served
Global
ProductsDry bulk
Gas tanker
Tanker
ParentEitzen Group (53%)
Websitewww.camillo-eitzen.com

Operations

Bulk

June 2010, CECO has sold its entire stake (74.33%) in Eitzen Bulk Shipping A/S (“Eitzen Bulk Shipping”) to Navieras Ultragas Ltda. at an agreed purchase price of $93MM.[1] CECO do not own any shares in Eitzen Bulk Shipping.

Gas

There are two gas subsidiaries, Eitzen Gas that operates 22 vessels with additional six on order and ENGC that operates 18 vessels with additional three on order. In total 49 vessels operated or on order.

Tanker

The group has six tankers owned through the three subsidiaries (organized as kommandittselskap) Partankers I KS, Partankers II KS and Partankers III AS with two, three and one ships, respectively. The company previously owned the company Tschudi & Eitzen Shipping.

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References
  1. "Camillo Eitzen & Co ASA enters into agreement on sale of its majority shareholding in Eitzen Bulk Shipping A/S to Navieras Ultragas Ltda.", NASDAQ GlobeNewswire, 15 June 2010.
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