Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Rickmers brothers look to merge ship management companies

Rickmers brothers look to merge ship management companies
Brothers Bertram and Erck Rickmers are in talks about merging the ship management unit of their respective companies into worldwide joint venture.

Bertram’s Rickmers Holdings and Erck’s ER Capital Holdings said they had signed a declaration of intent to merge their ship management units Rickmers Maritime Services and ER Schiffahrt in a global joint venture.

The merged entity would manage around 220 vessels.

The aim is to pool strengths in a highly competitive market to further promote expansion of the ship management business and increase the new company’s capabilities,” ER Capital said in a statement.

It said the review process would take several weeks.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish