PRESS RELEASE: Rickmers sells ER Schiffhart shipmanagement and Harper Petersen brokerage –

PRESS RELEASE:

Hamburg, 5 February 2018. Hamburg entrepreneur Erck Rickmers (53) has decided to sell his ship management and ship brokerage activities. Effective January 1st, 2018, Bremen-based Zeaborn Group acquired all shares in E.R. Schiffahrt GmbH & Cie. KG and shipbroker Harper Petersen & Co. The transaction is subject to approval by the antitrust authorities. Continuity has been ensured: All staff, approximately 200 employees ashore and 2,800 at sea, will transfer to the Zeaborn Group. Nils Aden, currently Chief Executive Officer of E.R. Schiffahrt, will be responsible for the enlarged ship management activities. Simon Aust will continue to be Chief Executive Officer of Harper Petersen. Hamburg will remain the headquarters of the combined companies. Financial details of the transaction are confidential.

‘E.R. Schiffahrt and Harper Petersen are well managed and profitable businesses. The combined entity will have a critical size to operate successfully in the competitive global market place’ noted Rickmers. ‘Consolidation among German ship management companies has long been overdue, but is needed in light of future market requirements. Zeaborn is pursuing a dynamic growth strategy that offers its customers and employees promising prospects.’

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