Nordic Tankers Group Offloads Herning Shipping

Business & Finance

HS Shipholding AB, part of Nordic Tankers Group, has closed an agreement to sell Danish tanker operator Herning Shipping, a Triton Fund III company, to ANE Shipping AS.

ANE shipping AS is a newly established Norwegian partnership between Camillo Eitzen & Co AS, Castel AS and Seahorse Maritime AS.

Nordic Tankers said that Herning Shipping will now be renamed Christiania Shipping AS.

The financial details of the transaction have not been disclosed.

Christiania Shipping AS will be located in Copenhagen with Axel C. Eitzen as CEO.

“I am very pleased with the establishment of our new company and with the acquisition of a well-respected and competent team from Herning Shipping. I look forward to further building on Herning Shipping’s strong relations with existing and potential customers, and to develop a solid foundation for future business,“ Eitzen said.

Herning Shipping operates a fleet of  19  vessels, whereof 12 are owned. The vessels are between 3,000 and 11,000 dwt, operating primarily in Northern Europe and West Africa.

The announcement comes in less than a month since the sale of Crystal Nordic to Essberger Tankers which took place at the beginning of this month.

The Danish headquartered chemical tanker operator, which was a joint venture company of Nordic Tankers and Embarcadero Maritime, owns 14 ships ranging between 4,000 and 12,000 dwt.