Market consolidation continues to gather pace with two of the biggest boxship tonnage providers in Germany, Norddeutsche Vermogen and Conti Group, forming a single chartering operation.

The move will lead to a commercial venture with responsibility for handling a fleet of more than 130 vessels.

A fleet of roughly 69 of Conti’s ships ranging from 1,600 teu to 11,000 teu will be transferred to H Schuldt Shipbrokers, the in-house and competitive-chartering broker for Norddeutsche Vermogen.

Armin