Camillo Eitzen & Co Acquires B-Gas and Expands Fleet

Camillo Eitzen & Co has made a significant move in the industry by acquiring B-Gas. This acquisition not only expands their fleet but also brings new opportunities for growth.

With this acquisition, Camillo Eitzen & Co now has a larger fleet at its disposal. The exact number of new vessels added to their fleet is not specified in the article.

The acquisition of B-Gas is a strategic move by Camillo Eitzen & Co to increase its market share and competitiveness.

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Camillo Eitzen & Co has a long history of successful business operations. Founded in 1863, the company has been in the industry for over 150 years.

The company's commitment to quality and efficiency is evident in its operations. They have a strong focus on logistics and transportation, which allows them to efficiently move goods from the factory to the customer.

Their experienced management team plays a crucial role in maintaining the company's high standards. With a team that has been in place for decades, they have developed a deep understanding of the industry and its challenges.

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Eitzen has acquired B-Gas from Bergshav and its partners for an undisclosed sum.

B-Gas was previously owned by Camillo Eitzen and owns and operates ten LPG vessels, mainly operating in the northwest European market.

The acquisition includes B-Gas A/S, B-Gas NSG, B-Gas Pelagic, and their subsidiaries, collectively known as B-Gas.

B-Gas commercially controls three LPG carriers through commercial management and time charters.

The company's commercial and operational headquarters are located in Hellerup, Denmark.

B-Gas offers logistic solutions for sea transportation of LPG and petrochemical gases, focusing on the North-western European LPG shipping market.

Eitzen sees synergies between B-Gas and its chemical company Christiania Shipping, which operate with the same size of vessels in the same geographical markets and with the same clients.

Atle Bergshaven, executive Chairman of Bergshav, believes the sale of B-Gas makes sense given the strong market and is confident Eitzen will bring B-Gas to the next level.

Andrew C. McPhail, CEO of B-Gas, is pleased to become part of the Eitzen Group and looks forward to future cooperation, citing Eitzen's strong expertise and shipping knowledge.

The company has a significant tanker fleet, with six ships owned through three subsidiaries: Partankers I KS, Partankers II KS, and Partankers III AS.

Partankers I KS owns two tankers, while Partankers II KS has three. Partankers III AS has a single tanker.

The company previously owned Tschudi & Eitzen Shipping, which is now no longer part of their operations.

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