The acquisition was announced during a visit by CEO Jacques Saade to Hamburg on Tuesday, but the price has not been revealed.

The Bernhard Schulte company is a short-sea specialist operating from northern Europe to the Canary Islands, the Iberian peninsula and Morocco.

OPDR owns five ships of 700 teu built between 2002 and 2008, and it charters in another three. It also owns two con-ros.

CMA