Marenave’s fleet sell-off completed

Marenave’s fleet sell-off completed

The last remains of German owner Marenave Schiffahrts’ fleet has been sold off in a bank-driven sale.

The Marenave website now shows all of its mixed fleet of bulk carriers, tankers, car carriers and boxships as sold.

Reports show the two Koyo-built, 68,000 dwt Mare Atlantic and Mare Pacific tankers, both built in 2001, as purchased by Greek owner Stalwart Tankers for $6.7m each. The ships had earlier this year been taken on subs by Dubai’s Kasco Group, but the deal fell through.

Stalwart Tankers has a string of ships in the same age group as the duo it has just taken over from Marenave.

Marenave was founded in 2006 by König & Cie and HSH Nordbank although it has since changed hands twice. Its restructuring over the past 12 months has found resistance amid a fight for control by big German shipping names Offen and Ernst Russ.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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