Chemical tanker owner Christiania Shipping is embarking on a new chapter after refinancing loans that allowed Axel Eitzen and his partners to buy the company in 2018.

Eitzen said on Thursday that Christiania has struck a "long-term" deal with Dutch lender NIBC for an undisclosed amount.

In January 2018, the Norwegian shipowner joined together with compatriots Erik Bartnes and Nicolai Heidenreich to take over Herning Shipping from the investment company Triton, before renaming it Christiania.