{"id":45417,"date":"2016-04-14T09:11:38","date_gmt":"2016-04-14T09:11:38","guid":{"rendered":"https:\/\/splash247.com\/?p=45417"},"modified":"2016-04-14T09:12:32","modified_gmt":"2016-04-14T09:12:32","slug":"e-r-capital-and-rickmers-plan-shipmanagement-merger","status":"publish","type":"post","link":"https:\/\/splash247.com\/e-r-capital-and-rickmers-plan-shipmanagement-merger\/","title":{"rendered":"E.R. Capital and Rickmers plan shipmanagement merger"},"content":{"rendered":"<p>Germany&#8217;s Rickmers Holding and E.R. Capital Holding\u00a0GmbH &amp; Cie. KG have signed a declaration of intent to merge their respective shipmanagement units, Rickmers Maritime Services and E.R. Schiffahrt, into a global entity\u00a0that\u00a0would manage around 220 vessels.<\/p>\n<p>&#8220;The aim is to pool\u00a0strengths in a highly competitive market to further promote expansion\u00a0of the shipmanagement business and increase the new company&#8217;s\u00a0capabilities,&#8221; said ER Capital, which is a financial holding company for\u00a0maritime service providers including\u00a0ship managers E.R. Schiffahrt and E.R.\u00a0Offshore and investment companies such as\u00a0Nordcapital.<\/p>\n<p>The review process is expected to take several weeks.<\/p>\n<p>The proposed consolidation follows <a href=\"https:\/\/splash247.com\/columbia-shipmanagement-more-consolidation-coming\/\" target=\"_blank\"><strong>a recent\u00a0interview<\/strong><\/a> with\u00a0Andreas Hadjipetrou, joint managing director of Cyprus-based Columbia Shipmanagement, who told\u00a0<em>Maritime CEO<\/em> the shipmanagement sector would see further mergers and acquisitions, &#8220;but we will also see new entrants in the market\u201d.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s Rickmers Holding and E.R. Capital Holding\u00a0GmbH &amp; Cie. KG have signed a declaration of intent to merge their respective shipmanagement units, Rickmers Maritime Services and E.R. Schiffahrt, into a global entity\u00a0that\u00a0would manage around 220 vessels. &#8220;The aim is to pool\u00a0strengths in a highly competitive market to further promote expansion\u00a0of the shipmanagement business and increase &hellip;<\/p>\n","protected":false},"author":2,"featured_media":22254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,68],"tags":[127],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>E.R. 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