ZEABORN buys CPO Tankers

May 03 2019


The ZEABORN Group is to acquire 100% of the shares in Claus-Peter Offen Tankschiffreederei (CPO Tankers), the tanker management subsidiary of the Offen Group.

The agreement was signed by the partners on 29th April, however the transaction’s finalisation is still subject to anti-trust clearance. The parties have agreed to keep the key financial terms confidential.

With the takeover of CPO Tankers, ZEABORN is on track with its strategy to further consolidate the shipping industry and expand its services as an integrated and globally active shipping company, it said.

The acquisition enables ZEABORN Ship Management to expand its service portfolio into the wet market for oil and product tankers.

For the Offen Group, the divestment of its tanker shipmanagement business came as a consequence of its strategic focus being as an owner/manager of post-panamax container vessels.

“With CPO Tankers, a well-known and very reputable company, joins our shipmanagement activities. CPO Tankers, the management and the employees are a great fit for our organisation, enabling us to expand our service portfolio with a first-class tanker management,” explained Ove Meyer and Jan-Hendrik Többe, the ZEABORN Group's managing partners.

CPO Group’s managing owner, Claus-Peter Offen, added: “We, as Offen Group, want to grow our leading position as owner/manager of post-panamax container vessels through significant investments in this sector. Pure shipmanagement services in tank or bulk are no longer in our focus.”

 



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