Sustainable Shipping Focus: MEYER Group Acquires 50% Stake in C-Job Naval Architects

October 31, 2023

Top: Bernard Meyer (Managing Director Meyer Werft), Bas Ort (Supervisory Board Member C-Job), Paul Meyer (Chief Information Officer Meyer Werft) Bottom: Malte Poelmann (Chief Technology Officer Meyer Werft, Job Volwater (Co-Founder & CEO C-Job), Basjan Faber (Co-Founder & Chief Financial Officer C-Job), Bastian Witt (Head of Machinery Design Meyer Werft) - Credit: C-Jobs

MEYER Group has agreed to acquire a 50 percent stake in ship design and engineering company C-Job Naval Architects.

C-Job is an independent company that operates worldwide with offices across five countries and has its headquarters in the Netherlands.

MEYER Group is an international consortium including MEYER Werft with three shipyards in Papenburg, Rostock, and the Finnish city of Turku.

"C-Job Naval Architects is considered a thought leader when it comes to sustainability in the maritime industry, having been at the forefront of alternative fuels research. It was the first company to prove ammonia can be applied safely as a marine fuel, continued with other renewable fuels such as methanol and last year shared a brand-new class of liquid hydrogen tanker powered by hydrogen fuel cells. Moreover, the company has a strong track record in dredging, offshore wind, mega yachts, and passenger vessels," C-Job Naval Architects said in a statement on Tuesday.

According to the press release issued Tuesday, the strategic alliance will allow MEYER Group to utilize C-Job's knowledge of and experience in applying renewable fuels to its portfolio focusing on cruise vessels in particular – which in turn diversifies C-Job’s own portfolio.

Job Volwater, CEO and co-founder of C-Job Naval Architects, says: “We started C-Job in 2007 and we have been making waves ever since. We haven’t been afraid to do things a bit differently which has led to our successes. In MEYER Group, we have found a partner who aligns with our values and culture, making our partnership a natural fit. I’m proud MEYER and C-Job have combined forces and I am certain this union will fortify our position in both the Netherlands and internationally even more.”

Basjan Faber, CFO and co-founder of C-Job Naval Architects, adds: “In 2020 we vocalized our vision for a sustainable maritime industry within one generation. In MEYER, we have found a like-minded organization that shares this vision and wants to achieve this together. I have no doubt we will do great things together that complement and continue to build on what C-Job has achieved so far.”

Malte Poelmann, CTO at MEYER Group, says: “C-Job and MEYER share the common vision to make shipping sustainable in the near future! We always want to offer the best and tailor-made engineering solutions, both for newbuilds and for the transformation of the existing fleet, together with MEYER RE. As strategic partners we will be able to push the boundaries for sustainable solutions in the maritime industry.”