(http://www.MaritimeCyprus.com) The two long-standing companies E.R. Schiffahrt and Rickmers Shipmanagement have been consolidated under the umbrella of ZEABORN Shipping, thus combining two world-leading ship managers into one young and dynamic company that offers its clients a comprehensive cutting-edge product portfolio.
The company is based in Hamburg and is bringing together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from 10 August 2018.
Another milestone in the development of the ZEABORN Group has been achieved following the merger of the two traditional Hamburg-based ship managers to form one global ship management company. The combined technically managed fleet currently comprises more than 150 container and bulk cargo ships and multi-purpose vessels.
ZEABORN Ship Management employs around 300 people on shore and approximately 4,550 at sea. In addition to its headquarters in Hamburg, the company is globally represented with a strong second office in Singapore and further offices throughout Asia and Europe.
The shipping industry has been undergoing a process of consolidation for a number of years. A significant, new and international player has now emerged with the formation of ZEABORN Ship Management. In the course of the merger, the executive board of ZEABORN Ship Management is fully committed to continuity. Accordingly, Co-CEOs Nils Aden and Holger Strack, COO Michael Brandhoff, CFO Erik Kruse and Managing Director Isabelle Rickmers will preserve the existing expertise in various fields.
“We are pleased that we are now also clearly signalling the successful merger of E.R. Schiffahrt and Rickmers Shipmanagement with our new brand. Two established and experienced partners have pooled their strengths. Their cultural heritage, their well-managed fleets and their organisational structures go exceedingly well together and complement one another perfectly. Our international customers will immediately benefit from even greater flexibility and reliability as well as interesting economies of scale – in the area of purchasing, for example. At the same time, the course has been set for dynamic growth,” explain Ove Meyer and Jan-Hendrik Többe, managing partners of the ZEABORN Group.
The ship management industry has been undergoing a process of consolidation for a number of years. Columbia Shipmanagement and Bernhard Schulte Shipmanagement combined their global buying power for over 800 vessels through an independent procurement company, GenPro, set up in June. Anglo-Eastern merged with Univan back in 2015, in part to strengthen training initiatives ashore. The merger also enabled the group to leverage greater buying power and gave it the scale to better absorb market dynamics. Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kabushiki Kaisha (NYK), and Mitsui O.S.K. Lines (MOL) now jointly operate as the Ocean Network Express (ONE). German liner shipping company Hapag-Lloyd and its UAE-based counterpart United Arab Shipping Company (UASC) have merged last year. Crowley Maritime Corp. and Svitzer Salvage have merged their salvage divisions to create a new company named “Ardent”… the list goes on and on…