Zeaborn Acquires Remaining Zeamarine Stake

Buyout from Joint Venture Partner New Mountain Capital

Breakbulk shipping group Zeaborn has acquired the remaining ownership interests in tramp and liner services firm Zeamarine.
The deal will see Zeaborn purchase the outstanding stake from joint venture partner New Mountain Capital. Zeamarine was formed last year to combine the commercial activities of Intermarine, Zeaborn Chartering and Rickmers-Line, creating one of the world’s largest multipurpose carriers.
Current CEO of Zeamarine, Andre Grikitis, will step down as Ove Meyer, managing partner of Zeaborn, takes over the reins. He will work with the exisitng management team of Dominik Stehle as CCO, Nicki Schumacher as COO and Michael Dumas as CFO, on the global expansion of the company.

Headquartered in Bremen in the north of Germany, Zeaborn is a global, integrated shipping company that operates a combined fleet of about 90 multipurpose vessels with capacities ranging from 6,300 to 30,000 deadweight tons, and a combined lifting capacity of up to 1,400 tonnes.

Photo: Zeamarine vessel. Credit: ZG