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Camillo Eitzen & Co ASA (OSL:CECO) Camillo Eitzen & Co ASA (CECO) has entered into agreements to contract four additional newbuildings supramax bulk vessels, to be delivered from Japanese yards during 2012-2013. The vessels are financed as a combination of straight purchase and long term time charter agreements with purchase options. All four units are 60,000 dwt crane fitted design.
Long Term cargo commitment of about 30 years total duration has been secured for the vessels.
After the above contracts, the CECO newbuilding programs consist of 18 vessels, all to be delivered within year end 2013.
Axel C. Eitzen Chief Executive Officer Tel: + (47) 24 00 61 00
