German shortsea shipping merger formed
October 25 – Leer based Hartmann Group and Papenburg headquartered Schulte & Bruns have agreed to expand their cooperation in shortsea shipping activities, with both parties taking a 50 percent share in Schulte & Bruns Chartering. Group subsidiary Schulte & Bruns Chartering operates the fleet of ships owned and controlled by Schulte & Bruns, via its offices in Hamburg, Heerenveen, Newcastle and Papenburg. As part of the agreement, Schulte & Bruns Chartering will now also commercially manage a large part of Hartmann Group‘s multipurpose ships, ranging in size from 5,000 to 17,000 dwt.
Hartmann Group will take over the nautical and technical management – including crewing – of the Schulte & Bruns ships through its subsidiary, Hartmann Dry Cargo Germany. In a statement, the companies said that they expect the cooperation, which becomes effective on January 1, 2017, to strengthen their respective market potential.