Evergas

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Evergas
Formerly
Eitzen Gas
IndustryShipping
Founded2001
HeadquartersCopenhagen, Denmark
Number of employees
550
Websiteevergas.net

Evergas Management A/S is a Danish shipping company headquartered in Copenhagen, Denmark. Evergas is one of the world’s largest Ethane shipping companies.[1]

Fleet

Evergas owns a fleet of gas carriers for the seaborne trade of liquefied natural gas (LNG), Ethane and liquefied petroleum gases (LPG). In 2020, Evergas controlled a fleet of 16 vessels, which can be categorized in three different classes.[2]

The company’s six pressurized LPG carriers are capable of carrying petrochemical gases in their 5.000 cbm tanks. Because the vessels are relatively small, they are mostly deployed on short haul trades.

Eight semi-refrigerated multi-gas carriers make up the company’s mid-sized fleet.[3]The 27.500 cbm vessels can carry Methane, LNG, Ethylene and Ethane, Propane, and Butane. The vessels have a total length overall (LOA) of 180 meters, and can sail burning gas or maritime fuel oil.[iv]

Two very large ethane carriers (VLECs) comprise the company’s largest vessel class. The VLECs are compatible with Ethylene and Ethane as well as Propane and Butane cargoes.[4]With 85.000 cbm capacity, these vessels are the largest purpose-built Ethane carriers currently under operations.[5] [6]Evergas took delivery of the first VLEC in 2019 and has since then deployed the vessels on the US -China trade.[7]

Company structure

Evergas has offices in Denmark, Singapore, France and China. In total, the company employs 550 people ashore and at sea.[8] [9]The company is managed by the chief operating officer, Steffen Jacobsen, who assumed his current position in 2015.

Company history

Evergas traces its roots back to the late 19th century. In 1883, Camillo Eitzen established the Eitzen Group, which operated steamships in its early days.[10] With the acquisition of KIL shipping in 2001, Eitzen became a gas shipping company and entered the gas market with its subsidiary, Eitzen Gas.[11] In 2004, Eitzen Gas expands its gas fleet by buying the company Gibson gas.[12] In the same year Eitzen Gas entered the Ethylene segment through the acquisition of Bergensen’s Igloo gas fleet.[13] In 2006, Eitzen formed a joint venture with Norgas called the Eitzen Norgas Carrier Pool.[14] Three years later, Eitzen established a joint venture with Solvang Ethylene.[15] By then, Eitzen had become a full-fledged gas ship owner. Since 2011, the company, formerly known as Eitzen Gas, has been re-branded to Evergas and operates as a standalone entity.[16]Today, Evergas is owned by Jaccar Holdings.[17]

In the media

     

References

  1. "Who We Are". Evergas.
  2. "Evergas sells its ethylene fleet: "Enough is enough"". 2019-01-07.
  3. "Evergas named its eight LNG-fueled carrier | Hellenic Shipping News Worldwide".
  4. "Evergas delivers dual-fueled VLEC to Ineos".
  5. "Evergas launches the largest ethane carrier in the world".
  6. "Evergas first off the mark with ethane carriers".
  7. Rhys Berry. "GLOBAL: Launch of Evergas' 85,000 cbm-capacity VLEC in China".
  8. "Members of Danish Shipowners' Association - Danske Rederier".
  9. "Shipowners Archives".
  10. "Evergas enjoys rising demand for liquefied gaseous fuels". 2017-06-30.
  11. "Knud I. Larsen lukkede med en gæld på knap 1 mia. kr".
  12. "Eitzen buys Gibson stock | TradeWinds".
  13. "Eitzen taking seven small Bergesen gas carriers | TradeWinds".
  14. "Sigas Margrethe is first of five Queen-class ships for Eitzen".
  15. "History". Solvang.
  16. ""I had no vessels, no activity and no money. I went from 7,400 employees to one"". Shipping Watch. Shipping Watch. 2018-06-18.
  17. "Evergas in big fleet upgrade | TradeWinds".

External links

This article "Evergas" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.