Eidsiva Rederi

Eidsiva Rederi ASA
Type	Public
ISIN	NO0003146904
Industry	Shipping
Founded	1930
Headquarters	Oslo, Norway
Area served	Global
Key people	Jørgen G. Heje (CEO); Per Ditlev-Simonsen (Chairman)
Revenue	NOK 279.6 million (2006)
Operating income	NOK 83.6 million (2006)
Net income	NOK 47.9 million (2006)
Website	www.eidsiva.no

Eidsiva Rederi (OSE: EID) is an international shipping company based in Oslo that operates nine car carriers and four Ro-Ro vessels in addition to two other ships. Among the chartering companies are Hyundai and DFDS Tor Line.

History

The company was founded as Sverre Ditlev-Simonsen & Co in 1930 by Sverre Ditlev-Simonsen and listed on the Oslo Stock Exchange the same year. It started out as a dry cargo and tanker operator. In the 1970s the company entered the offshore sector, operating a number of semi-submersible drilling rigs. In 1990 the offshore subsidiary SDS Drilling was sold to Ross Offshore Group that was later acquired by Transocean. The company then ventured into the handysize bulk market, and entered a cooperation with B. Skaugen Shipping and Fednav Group and along with other companies established the pool Trinity Bulk Carriers. In 1996 the Heje family took a larger ownership in the company.

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