E.R. Capital Holding and Rickmers Holding AG review shipmanagement merger

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Paper boatsRickmers Holding AG and E.R. Capital Holding GmbH & Cie. KG are reviewing a potential merger of their shipmanagement units – Rickmers Maritime Services and E.R. Schiffahrt – into a global joint venture. Both companies have signed a declaration of intent.

The new company will manage around 220 vessels. The aim is to pool strengths in a highly competitive market to further promote expansion of the shipmanagement business and increase the new company’s capabilities.

The review process will take several weeks. As soon as a decision has been reached, the groups will provide further information.