Eitzen Group was a

shipping Freight transport, also referred as ''Freight Forwarding'', is the physical process of transporting Commodity, commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English, it h ...

and

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

corporation based in

Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...

Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...

. The parent company was Eitzen Holding AS and was entirely owned by the Eitzen family which owns Eitzen Invest and 53.7% of

Camillo Eitzen & Co Camillo Eitzen & Co () is an international shipping company that operates a total of 51 dry bulk, gas tanker and tanker vessels. Including commercial managed and newbuilding ships the group has 136 vessels. The company is controlled by the Eitz ...

. The investment company owned a portfolio of real estate and other investments, including Hydranor and a major share of Norse Energy as well as in the fishing industry.

History

The company was founded in 1883 as Camillo Eitzen by shipmaster Camillo Eitzen. In 1894 Captain Henri F. Tschudi became a

partner Partner, Partners, The Partner, or, The Partners may refer to: Books * ''The Partner'' (Grisham novel), by John Grisham, 1997 * ''The Partner'' (Jenaro Prieto novel), 1928 * ''The Partners'' (book), a 1983 book by James B. Stewart * ''Partner'' (m ...

and the company changed its name to Camillo Eitzen & Co. The company bought its first steam ship a year later S/S ''UTO''. In 1936 the company changed its name to Tschudi & Eitzen. It entered the ore-bulk-oil carrier segment in 1967. In 1990 the company bought the

Danish Danish may refer to: * Something of, from, or related to the country of Denmark People * A national or citizen of Denmark, also called a "Dane," see Demographics of Denmark * Culture of Denmark * Danish people or Danes, people with a Danish ance ...

company Skou International and entering the

bulk Bulk can refer to: Industry * Bulk cargo * Bulk liquids * Bulk mail * Bulk material handling * Bulk pack, packaged bulk materials/products * Bulk purchasing * Baking * Bulk fermentation, the period after mixing when dough is left alone to ferm ...

segment. In 1997 it bought EAC Shipping and in 2001 KIL Shipping and with it entered the tanker sector. In 2004 the company changed name to Camillo Eitzen & Co and listed on the

Oslo Stock Exchange Oslo Stock Exchange ( no, Oslo Børs) (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway’s only regulated markets for securities trading today. The stock exchange offers a full product range including equities, deriv ...

when Tschudi & Eitzen merged and the separate company Eitzen Holding owned by the Eitzen family became established. The same year Navale Française was purchased along with Bergesen's Igloo gas fleet. In 2006 both Eitzen Chemical and

Eitzen Maritime Services Eitzen Maritime Services (Seven Seas) or EMS Seven Seas is a global maritime services group serving merchant marine, offshore and defense customers. The company supplies general ship supplies, provisions, stores, spare parts and leading technical m ...

were created and listed on the Oslo Stock Exchange.

Demise

In 2011, Axel C. Eitzen stated that Eitzen Holding had been heavily indebted, and that he left the company and its assets to the banks. The company among others faced a debt to the bank Nordea, and was liquidated in 2012.

References

Shipping companies of Norway Holding companies of Norway Real estate companies of Norway Companies based in Oslo Real estate companies established in 1883 Companies disestablished in 2012 2012 disestablishments in Norway Norwegian companies established in 1883 {{Norway-shipping-company-stub