News
06.11.2024 Christiania Shipping acquire Navquim
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
01.08.2023 Eitzen Avanti has acquired B-Gas A/S from Bergshav
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.”
17.0.2023 Christiana Shipping has ordered two new-buildings
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”.
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