Shipping Trust & Values (Reederei STV), based in Haren, wants institutional players to come on board, but also other owners.

The founders say they will draw on their experience in planning, financing, management and chartering on an operating level, while continuing to own their companies separately.

Bulker owner Wessels Reederei and boxship company Jungerhans teamed up with Torsten Westphal in 1995 to form Arkon Shipping, which operates 130 vessels.

Wessels