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Article: Norway's Camillo Eitzen & Co ASA sells two bulk vessels for USD145.5m.(Brief article)
- Article from:
- Nordic Business Report
- Article date:
- April 7, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORDIC BUSINESS REPORT-7 April 2008-Norway's Camillo Eitzen & Co ASA sells two bulk vessels for USD145.5m(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Norwegian shipping company Camillo Eitzen & Co ASA (OSE:CECO) said on Monday (7 April) that it has signed a preliminary agreement to sell the bulk vessels Sibulk Innovation and Sibulk Quality.
The combined sales price of USD145.5m will result in a profit of USD103m.
The Sibulk Innovation is 53,100 dwt and built in 2004. The Sibulk Quality is 55.700 dwt and built in 2005.
The vessels are ...