The new CEO of restructuring Marenave has said the German company will remain in shipping, with new deals under discussion.

Bernd Raddatz has replaced Ole-Daus Petersen in the top job after the owner sold its fleet to repay banks and a recapitalisation involving the Offen group and DEVK failed.

German shipowner Ernst Russ is now the biggest shareholder and has built a new supervisory board emphasising its influence.