The ZEABORN Group has signed an agreement to acquire the remaining ownership interests in ZEAMARINE held by New Mountain Capital. The ZEAMARINE joint venture was formed in August 2018 when New Mountain Capital and ZEABORN agreed to combine the commercial activities of Intermarine, ZEABORN Chartering and Rickmers-Line under the umbrella of ZEAMARINE, creating one of the world’s largest MPP carriers.
The most recent transaction is subject to approval from the antitrust authorities.
With the integration of the legacy companies ahead of schedule, Andre Grikitis has decided to step down as CEO to spend more time with his family and to pursue other business ventures. ZEAMARINE has thanked Andre for his leadership and vision for the MPP industry and for his 25+ years of dedicated service to Intermarine.
Ove Meyer, Managing Partner of ZEABORN, will be leading ZEAMARINE in his capacity as Owners’ Representative and work with the existing top management team around Dominik Stehle (CCO), Nicki Schumacher (COO) and Michael Dumas (CFO) on the global expansion of the company, said a release.
About ZEAMARINE
ZEAMARINE is one of the leading providers of global tramp and liner services for the ocean transportation of heavy lift, break-bulk and project cargoes. Services include chartering activities, cargo operations, technical supervision and engineering solutions. Its team of 300 highly skilled employees is facilitating smooth transportation and cargo operation from 21 offices around the globe. With an operating fleet of about 90 multipurpose heavy lift vessels with capacities ranging between 6,300 and 30,000 DWT, and a combined lifting capacity of up to 1,400 metric tonnes, ZEAMARINE offers the full bandwidth from standard transportation to custom-made engineering and transport solutions, the release highlighted.
