Graig expands into Germany
Cardiff and Shanghai-based Graig Group is expanding into Germany. Graig has established a ship management company in Hamburg, and has sold and chartered back seven ships in a $24m KG deal backed by Hamburg-based KG broker Ownership Emissionhaus Gmbh. Graig Shipmanagement (Germany) Gmbh will manage seven modern Confidence-class multi-purpose vessels, part of the nineteen-ship series which Graig built in China between 1997 and 2003. The first two vessels, CEC Confidence and CEC Cardigan, have already been offered to German investors, and the rest will follow during April. "This move into Germany gives us access to a powerful and flexible source of equity finance…
North of England P&I Club Renews Commitment to Danish Market
The ‘A’ rated, 75 million GT North of England P&I club reaffirmed its commitment to the Danish shipping industry this week with a reception for members, potential members and their advisors at Langelinie Pavillonen in Copenhagen. Guests included Lars Christensen, senior vice president and head of the tanker department at Norden, and Anders Schmidt, general claims and insurance manger of Clipper Bulk, both of whom represent Denmark on the club’s board of directors. Other ship-owning, operating and chartering companies represented at the event included Atlas Shipping, Clipper Elite Carriers, Comet Shipping, Custodia Shipping, Dannebrog Rederi, DFDS, Eitzen Bulk, NIMA Management, Norient Product Pool, TKB Shipping and TORM.
