Camillo Eitzen & Co

Last updated
Camillo Eitzen & Co ASA
Company type Public
Industry Shipping
Founded1883
Headquarters Oslo, Norway
Area served
Global
Products Dry bulk
Gas tanker
Tanker
Parent Eitzen Group (53%)
Website www.camillo-eitzen.com

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.

Contents

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.

Related Research Articles

<span class="mw-page-title-main">K Line</span> Former Japanese shipping company, now [[Ocean Network Express]]

Kawasaki Kisen Kaisha, Ltd. is a Japanese transportation company. It owns a fleet that includes dry cargo ships, container ships, liquefied natural gas carriers, Ro-Ro ships, tankers, and container terminals. It used to be the fourteenth largest container transportation and shipping company in the world, before becoming part of Ocean Network Express in 2017.

<span class="mw-page-title-main">Erling Dekke Næss</span> Norwegian ship owner

Erling Dekke Næss was a Norwegian shipowner and businessman. Næss was Deputy Head of Nortraship's New York office from 1942 to 1946. Næss was the initiator behind the OBO carrier. He is also credited as the proposer of the Norwegian International Ship Register, which allowed Norwegian shipowners to compete on an equal footing with flags of convenience.

<span class="mw-page-title-main">BW Group</span> Maritime company

BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs).  BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.

Stolt-Nielsen Limited (SNL) provides transportation and storage for liquids, notably specialty and bulk liquid chemicals. It also has an aquaculture division that grows turbot and other fish and fish products.

Odfjell SE is a company specialising in worldwide seaborne transportation and storage of chemicals and other speciality bulk liquids. The Odfjell fleet comprises more than 80 ships in total. The ships transport around 600 different kinds of liquids, including organic and inorganic bulk liquid chemicals, acids, animal fats, edible oils, portable alcohols and clean petroleum products. Odfjell’s ships are mainly registered in Norway (NIS) and Singapore, and are primarily manned by Norwegian and Filipino mariners.

<span class="mw-page-title-main">American Shipping Company</span>

American Shipping Company ASA, formerly known as Aker American Shipping ASA, is a Norwegian-American shipping and shipyard company and part of the Aker Group. Aker ASA originally owned 53.2% of the company, and in 2008 reduced its ownership share to 19.9%. The company is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. It was reported in November 2007 that the company has approximately 1,300 employees.

<span class="mw-page-title-main">Philly Shipyard</span> Commercial shipyard in Philadelphia

Philly Shipyard, formerly Aker Philadelphia Shipyard, is a commercial shipyard located in Philadelphia, Pennsylvania, United States on part of the site of the Philadelphia Naval Shipyard. The commercial yard began after the United States Navy had ended most of its operations at the site.

<span class="mw-page-title-main">IRISL Group</span> Maritime fleet of Iran

The Islamic Republic of Iran Shipping Line Group, commonly known by its business name IRISL Group, is a shipping line based in and owned by Iran. Its fleet comprises 115 ocean-going vessels with a total capacity of 3.3 million tons deadweight (DWT), with 87 being ocean-going vessels owned by IRISL and the remaining 28 ships being owned under the flags of subsidiary companies, including Khazar Shipping, Valfajr and Iran-India Shipping. They are manned by 6,000 personnel who work under the Iranian flag in the Caspian Sea, Persian Gulf, international waters and various ports of the world.

Deep Sea Supply is an international operator of offshore supply vessels. It operates nine anchor handling tug supply vessels (AHTS) and two platform supply vessels (PSV). 17 ships are under construction. The main office is located in Arendal, Norway though the company is officially headquartered in Cyprus and listed on the Oslo Stock Exchange.

Eidsiva Rederi 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.

<span class="mw-page-title-main">Eitzen Group</span> Former shipping company in Oslo, Norway

Eitzen Group was a shipping and investment corporation based in Oslo, Norway. The parent company was Eitzen Holding AS and was entirely owned by the Eitzen family which owns Eitzen Invest and 53.7% of Camillo Eitzen & Co. The investment company owned a portfolio of real estate and other investments, including Hydranor and a major share of Norse Energy as well as in the fishing industry.

<span class="mw-page-title-main">Waterfront Shipping</span>

Waterfront Shipping is a shipping company that operates six clean product tankers each at about 84,000 deadweight tonnes. The company is based in Oslo, Norway and is a subsidiary of Kistefos. Commercial management is performed by Dampskibsselskabet TORM of Denmark while Tesma Denmark performs technical management.

<span class="mw-page-title-main">Compagnie Maritime Belge</span>

The Compagnie Maritime Belge (CMB) is one of the oldest Antwerp ship-owners. It is controlled by the Saverys family who also own major stakes in the Exmar and Euronav groups.

<span class="mw-page-title-main">COSCO Shipping Energy</span> Chinese shipping company

COSCO Shipping Energy Transportation Co., Ltd., stylized as COSCO SHIPPING Energy, is a Chinese oil tanker shipping company with its headquarters in Hongkou District, Shanghai. The company transports crude oil, LNG, and LPG. It is a subsidiary of COSCO Shipping. It is the world's largest oil tanker shipping company in terms of fleet capacity.

J. Lauritzen(JL) is a Danish shipping company with worldwide operations headquartered in Hellerup, Denmark. JL is a private company wholly owned by the Lauritzen Foundation, a Danish commercial foundation that is also the main shareholder (around 40%) of DFDS, one of Europe's largest ferry shipping and logistics company.

<span class="mw-page-title-main">Nesskip</span> Icelandic shipping company

Nesskip hf. is an Icelandic shipping company that runs affreightment services based in Reykjavík. The company was established on 27 January 1974 in Seltjarnernes and was founded by a group of shipping and bulk transport enthusiasts, led by Captain Gudmundur Asgeirsson, who was the first managing director of the company. It is one of Iceland's largest bulk transporting firms. According to Bloomberg it "provides a range of shipping-related services as ship owners, ship brokers, port agents, and transport and chartering consultants", and serves "cruise liners, seismic-research vessels, reefers, tankers, and dry cargo vessels and foreign deep sea fishing ships" as a port agent. The company Nesskip is valued at approximately 240 Million Norwegian Krones (KON); approximately US$23 million. Nesskip purchased its first bulk carrier in February 1974, named the Suðurland and specialises in bulk transport of goods which has been at the fore front of the company's operations for over 40 years. The company deals with the transportation of fishmeal, steel products, construction materials, cement, timber, pumice, coal, gravel, ferrosilicon, and salt as well as other FOSFA cargo. In 1977, Nesskip began to develop a close working relationship with the company Wilson ASA, who specialise in the management of shipping services. It is a member of the international shipping organisation Baltic and International Maritime Council (BIMCO). In 2006, Norwegian shipping company Wilson EuroCarriers acquired a majority share (51.6%) in Nesskip resulting in a change of ownership.

<span class="mw-page-title-main">COSCO Shipping</span> Chinese shipping and logistics services supplier

China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services. COSCO Shipping was established in January 2016 by the merger of COSCO Group and China Shipping Group.

<span class="mw-page-title-main">Teekay</span> Largest shipowners in the world

Teekay is a Canadian shipping corporation which specialises in shipping crude oil.

Evergas is a Danish shipping company headquartered in Copenhagen, Denmark, active in the seaborne trade of liquefied natural gas (LNG), Ethane and liquefied petroleum gases (LPG). It is a subsidiary of Seapeak.

References