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Eitzen buys back his own ship
Norwegian shipowner Axel C. Eitzen is back in bulk, with his first ship purchase in a handful of years, according to Norwegain daily Dagen Næringsliv. The dry cargo specialist, who previously had controlled more than hundred bulkers in a then listed outfit, told the paper that he wants to grow again in this segment, that he left some years back when the Eitzen Bulk fleet was sold. The seven-year-old Japanese built supramax, Ultra Tradition, is not a new ship for Eitzen, the vessel was controlled by Eitzen Bulk in the past. The seller appears to be Japan’s Shoei Kisen Kaisha and a price is estimated to be around $12m.
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