News

Copenhagen, December 29, 2025 –  Christiania Gas are delighted to report that all nine of our seafarers abducted from our vessel CGAS SATURN in the Gulf of Guinea on December 3 have been released and are now safe. The men have meanwhile been in contact with their families and are being repatriated to their countries of origin to be reunited with their loved ones.

The recent period has been an extremely difficult period for everyone, in particular for our 9 seafarers and their families We would like to extend our gratitude and deep respect to our crew and their loved ones for the strength, trust and patience they have shown during this period of great uncertainty. The seafarers have undergone full medical checks and are being provided with psychological support

We also would like to thank the professional advisors, the authorities, and all those who have helped us resolve this situation, for their support throughout the past difficult weeks.

Out of respect for our seafarers and their families Christiania Gas will not be making any further statements on the recent developments. We trust you will understand our position.

December 5, 2025 – Christiania Gas report that it is continuing its efforts to establish contact with those that are holding its 9 seafarers that were taken off the LPG tanker CGAS SATURN and secure the crew members’ earliest and safe release. The vessel came under attack from pirates on Wednesday December 3 while on passage in the Gulf of Guinea, West Africa.

Four other seafarers of CGAS SATURN remained on board of the ship and were able to navigate the ship to a safe berth in port in West Africa. One of the four crew sustained injuries during the attack and is receiving medical care in an onshore hospital.

Christiania Gas once again would like to express its great concern over the situation. The company is liaising with international authorities and experts and together with its partners is providing all possible support to the next of kin of the seafarers during this extremely difficult period.

Christiania Gas will not provide any further information in order not to jeopardize the safety of our seafarers and would ask for this position to be respected.

Cor Radings
Spokesman Christiania Gas
+31 626 316 854

December 3, 2025 – Christiania Gas report that earlier today following an attack by pirates in the Gulf of Guinea, West Africa nine crewmembers have been taken from its operated LPG tanker CGAS SATURN. Four other seafarers of the vessel remain safe on board of the ship. One of the four seafarers has sustained light injuries and is receiving medical care onboard. CGAS SATURN has meanwhile proceeded to safe waters.

Christiania Gas is greatly concerned about the attack on its vessel and seafarers. The company’s main priority now is to establish contact with the missing crew to secure their earliest and safe release. The emergency response team are liaising with all relevant authorities who have been notified immediately after the incident. The company is in close contact with the families of the seafarers to support them in this extremely difficult time.

For the time being Christiania Gas will not be providing any further information in order not to jeopardize the safety of those involved.

Cor Radings
Spokesperson Christiania Gas
M: +31 626 316854

Christiania Shipping Fleet Renewal

We are progressing steadily with our fleet renewal program and are pleased to announce the upcoming delivery of three 13k dwt vessels. This development represents a key milestone in our ongoing commitment to providing high-quality service and advancing our long-term sustainability objectives.

Confirmed Delivery Schedule

MT Sakura Theresa (newbuilding)

• Delivery Date / Location: October 7, 2025 / Japan
• DWT / Type: 12,800 DWT / STST
• Build Year / Place: 2025 / Murakami Hide, Japan
• Flag: Malta
• Remarks: The first newbuilding in Christiania Shipping A/S’s 7-year history, constructed at a reputable Japanese shipyard.

MT Sun Iris (to be renamed Iris Theresa)

• Delivery Date: October 25, 2025 / Singapore
• DWT / Type: 12,600 DWT / STST
• Build Year / Place: 2020 / Usuki, Japan
• Flag: Malta
• Remarks: A modern, high-quality vessel enhancing operational flexibility and service delivery.

MT Hikari Theresa (newbuilding)

• Expected Delivery: May 2026
• DWT / Type: 12,800 DWT / STST
• Build Year / Place: 2026 / Murakami Hide, Japan
• Flag: Malta
• Remarks: Our second newbuilding, a sister vessel to MT Sakura Theresa, featuring the same modern, efficient design.

Ship management

All three vessels will be technically managed by Christiania Shipmanagement in Rotterdam, ensuring consistent operational excellence and maintenance standards.

Strategic Commitment

These fleet additions underscore our dedication to:

• Providing modern, efficient, and environmentally responsible vessels for our valued customers
• Strengthening technical and operational capabilities
• Investing in long-term growth and quality service delivery

We are proud of this progress and look forward to many more years of reliable, sustainable shipping with our partners and stakeholders.

Reference is made to the joint press release by Christiania Holding A/S (“Christiania Shipping” or the “Company”) and Sogestran Shipping S.A. (“Sogestran Shipping”, a subsidiary of Sogestran Group) on 2. September 2024, whereby it was announced that Christiania Shipping would acquire 100% of the shares in Navquim Holding B.V. (Navquim) from Sogestran Shipping. We are pleased to announce that as of today, 6th November 2024, the transaction has been completed.

After this transaction, Christiania Shipping has a fleet of 42 vessels on water, out of which 29 chemical carriers and 13 LPG vessels, and several newbuilding’s on order. Furthermore, the consolidated Company increases its presence in Europe with offices in Oslo, Copenhagen, Rotterdam, Marbella and Golf Juan.

Statement from Fridtjof C. Eitzen, CEO of Christiania Shipping:
“We are very pleased to conclude the transaction to acquire Navquim. Our strategy is to secure cargo, consolidate and renew, and this acquisition is as such strategically important to us.

The deal will add a fleet of advanced stainless steel chemical carriers, a high-performing team, important and long-standing contract / COA partners and valuable technical know-how to the Christiania Shipping platform. Through the increased scale we can improve our offering and widen our reach, signaling our determination to providing the best possible service to our long-term charterers and customers, now and into the future.

During the next months, Navquim will be integrated into the Christiania Shipping family, under the Christiania brand. We will operate as one unit, sharing the same culture and values, and move forward with an aligned commitment to be the preferred and trusted infrastructure partner for our customers.

Finally, we would like to thank Sogestran Shipping for the cooperation and smooth execution of the transaction.”

Statement from Benoist Grosjean, Managing Director, Sogestran Shipping:

“In line with our Group’s maritime ambition of focusing on specialized niche markets, I am glad to confirm that Christiania Shipping has now officially acquired 100% of Navquim.

It is a satisfaction to hand-over this company to Christiania who is bringing a long-term vision and perspective to the activity, its staff and crew. I wish a very successful integration of Navquim within the Christiania Shipping family.

Last but not least, I would like to thank all the Navquim staff and crew for the past years spent together, the great work and fun moments, as well as your continuous drive to deliver great value to our customers.”

Sogestran Shipping is advised by BNP Paribas and Loyens & Loeff, while the Norwegian law firm SANDS is providing legal advice to Christiania Shipping.

For more information please contact:

Fridtjof C. Eitzen
CEO of Christiania Shipping

Benoist Grosjean
Director of Sogestran Shipping

www.christianiashipping.com
www.sogestran.com

Bergshav Shipholding AS (Bergshav) and Eitzen Avanti AS (Eitzen) today announced that Eitzen has acquired B-Gas A/S, B-Gas NSG, B-Gas Pelagic and their subsidiaries (collectively, B-Gas) from Bergshav and its partners. B-Gas owns and operates ten LPG vessels, which mainly operate in the northwest European market. B-Gas also commercially controls three LPG carriers though commercial management and time charters. The company’s commercial and operational headquarters are located in Hellerup, Denmark.

“Acquiring B-Gas is another big step in Eitzen’s ambition in becoming a leading owner and operator of liquefied gas carriers and we are very pleased that we have now secured a strong foothold in the coaster gas market”, commented Axel C Eitzen, Executive Chairman of Eitzen. “We are very positive about the outlook for the LPG and Petrochemical business in Northwest Europe and we see synergies between B-Gas and our chemical company Christiania Shipping, which operate with same size of vessels in the same geographical markets and with the same clients.”

Atle Bergshaven, Executive Chairman of Bergshav, stated that “With the strong market in mind the timing of the sale of B-Gas makes a lot of sense for us and I have no doubt that Eitzen is the right buyer to bring B-Gas to the next level in supplying safe and first-class logistical solutions for the clients of B-Gas going forward, with the assistance of the experienced team in Hellerup.”

“At B-Gas we are pleased to become a part of the Eitzen Group. The new owner brings strong expertise and shipping knowledge, and we very much look forward to the future cooperation” said Andrew C. McPhail, CEO of B-Gas. “This will furthermore provide a solid platform on which we can continue to grow our businesses in the LPG and Petchem coaster market, where we see strong potential for consolidation and growth.”

We are very pleased to announce that Christiania Shipping A/S has reached an agreement with the Japanese shipyard Murakami Hide for the construction of

two 13,000 dwt stainless steel chemical tankers, to be delivered second half of 2025.

Fridtjof Eitzen, CEO, states: “This is in line with our strategy – both in terms of adding more vessels in this size to our fleet, as well as expanding further on our relations in Japan”.