rss icon Subscribe
desktop mobile

ZEABORN Acquires CPO Tankers

 Pic: ZEABORN

Shailaja A. Lakshmi

The international law firm Watson Farley & Williams (WFW) advised Bremen-based Breakbulk shipping line Zeaborn Group (ZEABORN) on its acquisition of Claus-Peter Offen Tankschiffreederei (CPO Tankers).

ZEABORN acquired CPO Tankschiffreederei from the Offen Group, which specialises in the management of oil and product tankers. A purchase agreement for the acquisition of all shares was signed, though the transaction remains subject to approval by the cartel authorities.

The Offen Group, owned by Claus-Peter Offen, is one of the world's largest suppliers of charter-container tonnage.

ZEABORN is a global shipping company providing services along the entire value chain from financing, commercial and technical management to chartering its own and chartered vessels. It is majority-owned by Bremen-based entrepreneur Kurt Zech, who also heads the Zech-Group GmbH.

With the acquisition of CPO Tankschiffreederei, ZEABORN expands its ship management activities beyond its traditional focus on container ships, heavy-lift and bulk carriers.

The WFW Hamburg team advising ZEABORN was led by Maritime Partner Dr Christian Finnern, supported by Partners Dr Björn-Axel Dißars (Corporate), Gerrit Bartsch (Tax) and Dr Andreas Wiegreffe (Employment). Managing Associates Jörg Walzer (Tax), Dr Malte Koch (Corporate) and Associates Julia König, Dr Frank Wacht (both Maritime) and Richard Henshaw (Employment) also advised on the transaction.

Christian said: "We are delighted to have advised ZEABORN also on this benchmark transaction. Our well-established relationship with them and experienced team of lawyers contributed significantly to the successful completion of this matter. It demonstrates once again the unrivalled expertise and comprehensive advice WFW's established and fast growing Maritime Group can bring to industry players".

May 16, 2019

 

Tankers

New Arc7 Class Arctic vessel Heads for Yamal LNG Facility

© kenny mcpike / MarineTraffic.com

A new ice-breaking liquefied natural gas (LNG) tanker of the Arc7 class, the Nikolay Yevgenov

Samsung Heavy Orders Pumps from SVANEHØJ

Photo courtesy of Svanehøj Group

SVANEHØJ, which is located in Aalborg, Denmark, has secured an order from South Korean shipbuilder

Statfjord Loadings Resume After Leak

(Photo: Harald Pettersen / Equinor)

Equinor has resumed crude oil loadings from its Statfjord field in the North Sea following a spill

Finance

Pacific Radiance Wins Case Against Chinese Yard

Image: Pacific Radiance

Singapore-based offshore vessel operator Pacific Radiance has won an arbitration award against a

Star Bulk Carriers Reports Q1 Loss

Pic: Star Bulk Carriers Corp.

Greek shipping company Star Bulk Carriers Corp reported a net loss of $5.3 million, or $0.

ZIM Cuts Q1 Net Loss

Pic: Zim

The Israel-headquartered container carrier Zim Integrated Shipping Services (ZIM) reported  a

Maritime Apps