German Zeaborn acquired project cargo shipping company Rickmers-Linie

RickmersGerman shipping company Zeaborn acquired the Rickmers Group shipping business Rickmers-Linie, as well as NPC Projects and bunkering and charter broker MCC Marine Consulting & Contracting. The deal includes the staff of the companies, assets, subsidiaries and affiliates, as well as the current commercial contracts. The transaction value was not disclosed, but according to official it is “single digit million euros”. After the acquisition, the combined fleet of the German shipping company Zeaborn will be 50 multipurpose vessels, with deadweight between 7,500 and 30,000 DWT and a combined lifting capacity of up to 700 tonnes.

“With the growth of our eet, we were faced with the challenge of building a global organization. Everyone who knows the shipping industry knows that this is a very challenging task in our time. In this respect, it’s a fortune for our development that Rickmers-Linie was available at the right time”, commented the managing partner of Zeaborn, Jan Hendrik Tobbe.

Rickmers-Linie will remain as a separate company, continuing its brand and business.

“Rickmers-Linie gets new powerful shareholders who want to expand their activities in the MPP segment. With Zeaborn, we have the right partners to play an active part in the consolidation of the heavy and MPP sector in a currently difficult market situation, and to offer our customers excellent service, safety and reliability on an economically stable basis”, said the CEO of Rickmers-Linie, Ulrich Ulrichs.

In October last year, Rickmers Group fully sold its stake in Singapore’s container carrier Rickmers Maritime, the operator of 16 Panamax container ships. The company was faced with serious financial problems, due to a sharp decline in demand for Panamax vessels after the opening of the new locks of the Panama Canal.

Commenting on the sale, Rickmers-Linie Corporation announced that it intends to focus on developing its business, as a ship owner and the service provider for the maritime industry.

Zeaborn Group is an integrated shipping company operating globally in the MPP segment.