Crystal Nordic Sold to Essberger Tankers

Owner and operator of chemical tankers John T. Essberger has inked a deal with Nordic Tankers and Embarcadero Maritime, a joint venture between Borealis Maritime and KKR, to acquire their jointly held company Crystal Nordic.

Crystal Nordic was established following the combination of Nordic Tankers’ inter-European stainless steel chemical tanker business with Crystal Pool in 2015.

The Danish headquartered chemical tanker operator owns 14 ships ranging between 4,000 and 12,000 dwt.

Managed by Jan Eghøj, the company is owned 50/50 by Nordic Tankers and Embarcadero Maritime.

Nordic Tankers is a Triton Fund III Portfolio Company.

The parties said that they agreed not to disclose any financial information related to the deal.

Hamburg-based Essberger Tankers has a fleet of 23 vessels capable of carrying a wide range of different chemicals.

“We are of the opinion that John T. Essberger will be a very good owner of Crystal Nordic and thus enhance the service and flexibility offered to the customers,” Per Sylvester Jensen, Chairman of Crystal Nordic said.

Details regarding what led to the decision to sell the company were not disclosed.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
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 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >