Claus-Peter Offen to take over Conti

Hamburg shipowner Claus-Peter Offen has announced plans to take over Munich-based Conti Group.

Under the agreement between the two companies, Claus-Peter Offen will take over 100 percent of the shares of Conti Group as well as a majority of shares in technical ship manager Bremer Bereederungsgesellschaft (BBG). The Conti Group will continue to operate as an independent company after the takeover.

Conti Group has a fleet of 30 boxships, 8 product tankers and 29 bulk carriers, while BBG manages 35 bulk carriers including the 29 Conti bulk vessels.

Once the takeover is complete, Claus-Peter Offen will have a total of 169 vessels, including 95 boxships with total capacity of 631,000teu, 37 bulkers and 37 product tankers.

“For us, this takeover is a further step in our growth strategy. Conti is an excellent name and is an optimal fit for our group,” Claus-Peter Offen said in a release.

The consolidation between the two German companies comes shortly after Germany’s Zeaborn Group took over the business operations and international organisation of compatriot Rickmers-Linie.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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