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20 March 2019 The on-line newspaper devoted to the world of transports 04:27 GMT+1

October 16, 2018

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V.Group acquires the Norddeutsche Reederei H. Schuldt

Agreement of partnership with the Blue Net Chartering, chartering broker of the fleet of portacontainer of the Costamare

The group of services for the marine industry V.Group, than from March 2017 is of property of the American society of private Advent International equities(on 6 December 2016), an agreement with the Norddeutsche Vermögen Group has undersigned, society integrally controlled from the German shipowner Bernd Kortüm, for the passage in the V.Group of the Norddeutsche Reederei H. Schuldt, company founded from the same Kortüm that manages a fleet of 46 portacontainer of the total ability to 229.847 teu.

The agreement previews moreover that the society been born from the fusion constitutes a partnership for the business management of the fleet with the Blue Net Chartering GmbH & Co., society that work as chartering broker of the fleet of portacontainer of the Costamare Greek according to an exclusive right agreement undersigned 1°th January and whose 50% of the capital are controlled indirectly by Konstantinos Konstantakopoulos, president and managing director of the Costamare, and remaining 50% from the shipowning group German Döhle that accommodates the Blue Net Chartering in own headquarters to Amburgo.

Based on the understanding, the fleet of the Norddeutsche Reederei H. Schuldt will continue to being managed from the team of the company from the center of Amburgo to which the staff of the V.Group will join that work in the anseatica city for the technical management of the fleets.

The agreement previews also the transfer of 35 ships of the fleet managed from Norddeutsche Reederei and of property of the Norddeutsche Vermögen Group under the management of the new society Northern Holding Shipping specifically created with this scope and - the parts have announced - with the support of institutions financial institutions.

"They are very pleased - Bernd Kortüm has declared - to have hard found in the V.Group a partner for my company. The field of the containerized marine transport continues to face a context of difficult market, but with the support of V.Group the Norddeutsche Reederei has exciting the opportunity to become a member a center of excellence for the total management of portacontainer. This will give also a remarkable impulse to the marine community of Amburgo".

"The acquisition of Norddeutsche Reederei - the managing director of the V.Group has commented, Ian El-Mokadem - allows with V.Group to strengthen own position of world leader in the services of support to the marine field. The team of experts of Norddeutsche Reederei will increase in meaningful way to the most elevated level than quality the experience of V.Group in the management of container vessels".

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