ZEABORN enters tanker ship management by acquiring CPO Tankers

ZEABORN Group reports it has signed an agreement to acquire 100 percent of the shares in Claus-Peter Offen Tankschiffreederei (GmbH & Co) KG („CPO Tankers“), the tanker management subsidiary of Offen Group. The transaction partners signed the relevant contracts on April 29. The completion of the transaction is subject to antitrust clearance. The parties have agreed to keep the key financial data confidential.

With the takeover of CPO Tankers, ZEABORN stays on track concerning its strategy to further consolidate the shipping industry and expanding its services as an integrated and globally active shipping company. The acquisition enables ZEABORN Ship Management to expand its service portfolio to the wet market for oil and product tankers.

For Offen Group the divestment of its tanker ship management business came as a consequence of its future strategic focus on being an owner/manager of post-panamax container vessels, a segment where it continues to be one of the world’s top 3 players.

“With CPO Tankers, a well-known and very reputable company joins our ship management activities. CPO Tankers, the management and the employees are a great fit for our organization, enabling us to expand our service portfolio with a first-class tanker management,” explained Ove Meyer and Jan-Hendrik Többe, the ZEABORN Group's Managing Partners.

CPO Group’s Managing Owner Claus-Peter Offen comments: „We, as Offen Group, want to grow our leading position as owner/manager of post-panmax container vessels through significant investments in this sector. Pure ship management services in tank or bulk are no longer in our focus”.

About ZEABORN

The ZEABORN Group was founded by Kurt Zech together with Ove Meyer and Jan-Hendrik Többe in 2013 as a global, integrated shipping company that provides services along the entire value-added chain and caters for capital market requirements. ZEABORN Shipping is the holding company for the global ship management activities of the ZEABORN Group. Under the brand ZEABORN Ship Management, the company offers the full range of ship management activities (technical, crewing, operations and commercial) and operates from locations in Germany, Singapore, Cyprus, Philippines and Romania.

About Offen Group

Founded by Claus-Peter Offen in 1971, Offen Group is worldwide among the top 3 Charter Owners of post-panamax container vessels. With close to 500.000 TEU under management Offen Group operates predominantly out of its head office in Hamburg.