Investment house Macquarie Capital has been brought in to find new investors to save insolvent German owner Rickmers Holding.

The shipping company said the move had been approved by its creditor committee and the provisional administrator appointed by the court overseeing its insolvency process.

"The objective is to acquire one or more investors for the Rickmers Group," it added.

It also revealed the mutually agreed resignation of CEO Ignace Van Meenen.