Norddeutsche Vermögen Group and CONTI Group Merge

Press Release
Tuesday, January 22, 2013

Norddeutsche Vermögen Group, Hamburg, and CONTI Group, Munich, have agreed to appoint Messrs. H. Schuldt Shipbrokers for the joint marketing of their container fleets as from January 2013.


 
The CONTI Group will acquire a 50% share of H. Schuldt Shipbrokers with offices in Hamburg and Singapore from Norddeutsche Reederei H. Schuldt.


Mr. Armin Sass, Hamburg, and Mr. Josef Sedlmeyr, Munich, will join Mr. Markus Hempel as managing directors. The Singapore office will remain headed by Mr. Jan Kühnbaum as managing director.


 
Both groups presently control container fleets of approximately the same size and the merging of their marketing and chartering activities at H. Schuldt Shipbrokers with offices in Hamburg and Singapore, reflects their strategic positioning. The joint fleet of approximately 135 vessels covering all major size classes and totalling 631.100 TEU in capacity, will expand the business activities of H. Schuldt Shipbrokers as a major chartering house.  
 


 
H. Schuldt Shipbrokers will continue their brokerage activities in the competitive chartering and sale & purchase sectors.


 
H. Schuldt Shipbrokers will liaise closely with the respective shipmanagent companies Bremer Bereederungsgesellschaft (BBG), Niederelbe Schiffahrtsgesellschaft (NSB) and Norddeutsche Reederei H. Schuldt (NRS) who will stay in charge of operational matters.
 

 

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