Eidsiva Rederi

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Eidsiva Rederi ASA
Type Public
Founded 1930
Headquarters Oslo, Norway
Area served Global
Key people Jørgen G. Heje (CEO)
Per Ditlev-Simonsen (Chairman)
Industry Shipping
Revenue NOK 279.6 million (2006)
Operating income NOK 83.6 million (2006)
Net income NOK 47.9 million (2006)
Website www.eidsiva.no

Eidsiva Rederi (OSE: EID) is an international shipping company based in Oslo that operates nine car carriers and four ro-ro vessels in addition to two other ships. Among the chartering companies is Hyundai.

[edit] History

The company was founded as Sverre Ditlev-Simonsen & Co in 1930 by Sverre Ditlev-Simonsen and listed on the Oslo Stock Exchange the same year. It started out as a dry cargo and tanker operator. In the 1970s the company entered the offshore sector, operating a number of semi-submersible drilling rigs. In 1990 the offshore subsidiary SDS Drilling was sold to Ross Offshore Group that was later acquired by Transocean. The company then ventured into the handysize bulk market, and entered a cooperation with B. Skaugen Shipping and Fednav Group and along with other companies established the pool Trinity Bulk Carriers. In 1996 the Heje family took a larger ownership in the company.