Eitzen Chemical ASA operates as a marine chemical and related products transportation company. The company transports various cargoes, such as organic chemicals, non-organic chemicals, clean and dirty petroleum products, vegetable oils, and lube oils. Its fleet consists of coated and stainless steel vessels ranging from 3,500 to 48,000 dwt primarily designed for the transport of IMO II classified chemical cargoes. As of December 31, 2013, the company’s fleet consisted of 49 vessels, which included 36 owned, 6 were on financial lease, and 7 were on operational lease. It has operations in Denmark, Spain, the United States, and Singapore. Eitzen Chemical ASA was founded in 1883 and is headquart...
Founded in 1883
Eitzen Chemical ASA, Special/Extraordinary Shareholders Meeting, Mar 17, 2015
Mar 17 15
Eitzen Chemical ASA, Special/Extraordinary Shareholders Meeting, Mar 17, 2015., at 11:00 Central European Standard Time. Location: Ruseløkkveien 6. Agenda: To consider the delisting of the company from the Oslo Stock Exchange.
Eitzen Chemical ASA Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014
Feb 17 15
Eitzen Chemical ASA announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported freight revenue of $84,813,000 against $93,484,000 a year ago. EBITDA was $6,919,000 against $9,378,000 a year ago. LBIT was $80,451,000 against $7,699,000 a year ago. Loss before tax was $114,144,000 against $21,156,000 a year ago. Net loss was $114,144,000 or $10.13 per basic and diluted share against $21,152,000 or $1.88 per basic and diluted share a year ago. Net cash flow from operating activities was $12,272,000. Payments on vessels (mainly upgrading and docking) were $1,886,000.
For the year, the company reported freight revenue of $348,594,000 against $380,603,000 a year ago. EBITDA was $22,997,000 against $45,259,000 a year ago. LBIT was $108,609,000 against $28,707,000 a year ago. Loss before tax was $188,580,000 against $74,595,000 a year ago. Net loss was $188,580,000 or $16.73 per basic and diluted share against $74,595,000 or $6.62 per basic and diluted share a year ago. Net cash flow from operating activities was $32,091,000 against $39,537,000 a year ago. Payments on vessels (mainly upgrading and docking) were $14,586,000 against $19,123,000 a year ago.