Zeaborn Acquires Business Ops of Rickmers-Linie

Image Courtesy: Rickmers-Linie

Germany-based shipping company Zeaborn Group signed a deal to acquire business operations of compatriot liner services specialist Rickmers-Linie, owned by Rickmers Holding, on February 7, 2017.

The planned sale also includes the entire operating business of Rickmers’ subsidiaries, MCC Marine Consulting & Contracting, a bunker and chartering broker, and NPC Projects, which was acquired by Rickmers in July 2016 and offers a heavy lift tramp service.

The transaction needs to be approved by financing banks of the Rickmers Group and anti-trust authorities.

Upon closing of the transaction, Rickmers-Linie and MCC (the sellers) will pay compensation in the single-digit million-euro range. However, the parties did not reveal the price details.

Under the deal, Zeaborn will have the right to use the brand names Rickmers-Linie and Rickmers-Line but only within the scope of activity of the business to be acquired.

“With the growth of our fleet, 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,” Jan Hendrik Többe, Managing Partner of Zeaborn, explained.

“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,” Ulrich Ulrichs, CEO of Rickmers-Linie, stated.

Rickmers-Linie said that the sale of the business segment has no impact on its workforce, shipping routes and tonnage under long-term charter.

Together, Zeaborn and Rickmers-Linie (with NPC and MCC) have a combined fleet of about 50 multi-purpose vessels, with deadweight capacities between 7,500 and 30,000 tons, and a combined lifting capacity of up to 700 tons.

The Rickmers Group will focus in the future on the activities of its Maritime Assets and Maritime Services business segments, according to Rickmers-Linie.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >