Christiania Shipping’s chemical arm has received financing from NIBC Bank for recent transactions.
The four chemical tankers that have been refinanced are the 5,800-dwt Azra Theresa (built 2007), Ozden Theresa (built 2006), 4,800-dwt Maya Theresa (built 2010) and 12,700-dwt Sigaia Theresa (built 2015).
“We do a bit of transactions and financing continuously,” chief executive Fridtjof Eitzen told TradeWinds.
The total value of the four vessels is around $50.1m, according to VesselsValue.
Eitzen said the company generally has a loan-to-value ratio of 40% to 50%.
“We finance the vessels via a separate company with financing from NIBC,” he said.
The most recent purchase was the Maya Theresa.
Christiania recently bought 100% of the Ozden-S, in which it previously had an owning stake. The vessel has been renamed Ozden Theresa.
The Sigaia Theresa was bought out from a bareboat lease about a month ago. It is worth $25.8m, according to VesselsValue.
“We are pleased that we have been able to further grow our relationship by the addition of these new vessels to our existing financing facility,” NIBC said in a post on LinkedIn.
Last year, Christiania ordered two 13,000-dwt stainless steel ships from Japan’s Murakami Hide for delivery in the second half of 2025.
Eitzen said then: “This is in line with our strategy — both in terms of adding more vessels in this size to our fleet, as well as expanding further on our relations in Japan.”
Christiania operates 18 chemical tankers ranging from 3,500 dwt to 12,600 dwt.
The predominant trade is Europe and the Mediterranean, together with a strong position in the West African trade. The company also has a fleet of LPG vessels.
Axel Eitzen-controlled Christiania is part of the Eitzen Group, a family-owned maritime organisation based in Oslo.
