German companies Ernst Russ Group and Peter Döhle Schiffahrts-KG have jointly sold their shares in affiliated ship management company Hammonia Reederei GmbH & Co. KG to Scandinavian investors.
Both founding shareholders of Hammonia JV transferred their shares to Norwegian investment firm Ness Risan & Partners (NRP) and former owners of Containerships Group, Finland.
The transaction is subject to antitrust approval, according to the duo.
Hammonia is the technical ship manager for bulkers, containerships and multipurpose vessels. Its fleet comprises more than 40 vessels, according to data available on the company’s website.
The JV was founded by Ernst Russ and Peter Döhle in October 2003. Recently, the capital shares accounted for 31.37 % each.
With the transaction, Ernst Russ said it follows its strategy and further focuses on activities in asset investment and asset management in shipping and real estate. Currently, the asset and investment manager administers a fleet of around 100 container, tanker and bulker ships as well as other vessels.
Furthermore, Peter Döhle Schiffahrts-KG bundles the fleet’s technical management in-house, however, remains service provider for Hammonia in Chartering, Crewing and Insurance.
Peter Döhle is a fully integrated ship owner and manager in the segments container, bulk and multi-purpose based in Hamburg. Döhle has a strong focus on containerships of up to 14,000 TEUs.