Marenave Schiffahrts has become MARNA Beteiligungen and has officially quit the shipping business.
The former shipping trust completed its fleet sell off 11 months ago. It had been fought over between German shipping titans Ernst Russ and Offen Group before being bought out earlier this year by Deutsche Balaton.
Now new management has been installed as well as the new name and a change of business focus.
MARNA Beteiligungen is a Hamburg-listed investment company. Marenave was founded in 2006 by König & Cie and HSH Nordbank.